If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
As far as I know, corporations are generally unable to raise prices enough to make the price difference terrible for the consumer. E.g. invisible prices (taxes) are more effective on a company because companies can’t change their visible prices by much.