Businesses in Portland, Oregon are about to feel more pain if a tax increase is followed through with. Like many towns and cities, Portland is trying to find extra revenue due to mismanaged and fiscally irresponsible government. City officials believe a massive tax increase will be the solution.
Currently, businesses in the city limits pay a tax/business license fee of 2.2%, but the new proposal will call for roughly a 400% increase up to 8%. The new increase coupled with an already high federal and state income tax, will likely ravage business owners and force several companies to leave the state.
High business licenses fees and taxes are a burden to companies and many business owners move to more pro-business environments. If you find yourself in this situation, Corporation Service Company (CSC) can help you determine your Business License requirements in your new location. Visit www.cscglobal.com or contact a CSC customer service representative at 800.927.9800 ext. 5077 to get started today.
For a free business license quote visit: https://www.cscglobal.com/global/web/csc/business-license-request.html.
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