Conducting Business in Oregon
Most people would want to live in a place where the costs of living are affordable. As a result of the increasing living costs, people aim at cutting on costs. Oregon favors most people and businesses. There is no sales tax charged on items being sold in this region. This has made it an area envied by those living in surrounding states. People thus consider Oregon to be a good place for businesses. It is the aim of most other states to adapt their system.
Without the sales tax, businesses are able to reduce on costs. If the sales tax is available, businesses will have to increase the price of goods. When the sales tax is done away with, businesses are able to reduce on their production costs making products and services more affordable. The items sold within Oregon are therefore cheaper compared to those in other regions. This has worked well in enabling small businesses coming up to be established. It has thus led to thriving of businesses within this region.
There are also tax incentive programs that Oregonian businesses get to enjoy. These programs enable them to learn how to improve their tax systems. These aim at reducing on the amount of taxes businesses pay and increasing their involvement in community projects. This places social responsibility in the hands of businesses. They are therefore made more responsible to the society. It also helps in giving a sense of independence to the businesses as there is no constant follow up on them. The other types of tax are also charged at very low rates. Businesses can however apply to get some of these tax obligations removed from them. The growth of industries is thus stimulated.
The tax systems in this region are as well a bit lenient. Businesses can be allowed to operate freely without paying tax for a certain period of time. This is mainly for startups that have not generated a certain level of income. Businesses therefore have time to focus on their growth. The money that would otherwise be used for paying taxes is therefore channeled back to the business boosting its capacity. Businesses also acquire more freedom of operation and are not constantly interfered with by authorities.
It is important that all states adapt the Oregonian tax system. This is because it has worked well in ensuring equal growth opportunities for businesses. Oregon based businesses that have branches elsewhere also get to enjoy the sales tax exemption. With the removal of sales tax, businesses focus on important aspects such as their development. It is thus important that states surrounding Oregon allow for this form of tax exemption as it will enable expansion of their industries and boost businesses to perform as those in Oregon. Achieving free trade starts with taking up such steps.