Conducting Business in Oregon
People prefer to live in places where living costs are low. People desire to cut on costs due to the rising costs of living. 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. The Oregonian environment is thus considered to be a luxurious place for people to conduct their businesses. This type of system is admirable for other states and most look forward to adapting it.
The major benefit of not having sales tax charged is that it helps businesses 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. Compared to other regions, businesses in Oregon thrive well.
There are also tax incentive programs that Oregonian businesses get to enjoy. These programs enable them to learn how to improve their tax systems. The aim of these programs is to increase on the involvement of businesses in community projects and reduction of taxes. The state therefore strives at placing social responsibility in the hands of businesses. They are therefore made more responsible to the society. Because there is no constant follow up on the business, they get to be more independent. 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. This stimulates the growth of industries.
There is leniency in the tax systems applied by the state in Oregon. They allow for businesses to freely operate for given time periods without paying tax. This is mainly for startups that have not generated a certain level of income. Businesses therefore have time to focus on their growth. Money that would be spent to pay tax is therefore injected into the business improving its performance. Interference from authorities are thus removed from the businesses allowing them to operate freely.
Other states need to adapt the Oregonian tax system. This is because it has proven to work well towards achieving equal growth opportunities for businesses. Oregon based businesses that have branches elsewhere also get to enjoy the sales tax exemption. Elimination of the sales tax has proven to work well in ensuring that businesses diversify and focus on important aspects of their development. States surrounding Oregon should adapt the law of removing sales tax to ensure that their industries get to expand and businesses grow to match those in Oregon. This is one of the steps towards achieving free trade.