On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
- The Hill quotes Scott Drenkard on local sales tax rates
The Hill quotes Scott Drenkard on local sales tax rates
Alabama cities rank high on sales tax
By Bernie Becker - 04/11/12
The Tax Foundation also stressed that sales tax should be looked at within the broader context of the overall tax structure, in the process comparing Portland’s low sales tax rate with Seattle’s 9.5 percent rate.
"Washington state has high sales taxes but no income tax while Oregon has no sales tax but high income taxes," Scott Drenkard, an economist with the foundation, said in a statement. "Many factors influence business location and investment decisions, but sales taxes are something within policymakers’ control that can have immediate impacts."
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