The Japanese parliament has approved a 3.29 percent cut in the corporate tax rate from an effective rate of about 35 percent, according to Bloomberg. Prime Minister Shinzo Abe has previously announced plans to lower the...
- 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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