Monday, February 27, 2012
Great Article: Can Sales Taxes Bankrupt a Company?
These articles should scare the hell out of you. It's a true sales tax horror story. The first is from Bellatoris Consulting, LLC who linked to the far nastier story from the Portland Business Journal that tells the tale of a mattress retailer in Portland, Oregon who got tangled up with nexus issues in Washington. I've always figured that states preferred to avoid bankrupting businesses. It's bad policy to put voters out of work. But this is a business in Oregon. So what the heck does Washington care?
Read the article and be scared. Particularly if a significant amount of your business comes from the state just across the river. Enjoy the article.
This link is part of a series called "Excellent articles that I wish I had written." The short name is "Great Articles."
The Sales Tax Guy
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