A corporate-funded study says that Oregon has the fifth lowest “total effective business tax rate” in the country, a ranking that takes into account the tax increases put in place by Measures 66 and 67.
The study conducted by the accounting firm Ernst & Young on behalf of the Council On State Taxation (COST) said that the total state and local taxes paid by Oregon businesses amounted to 3.8 percent of Oregon’s private sector economy in fiscal year 2010.
Businesses in only four other states — Connecticut, Delaware, Maryland and North Carolina — contributed a lower share in state and local taxes relative to the size of the state’s private sector economy, according to the COST study.
COST is an association of multistate and multinational corporations that lobbies for lower business taxes in states across the country. COST represents about 600 corporations, including major Oregon employers such as Nike, Intel, Hewlett-Packard, US Bank and Xerox.
The COST study once again documents that there’s room for Oregon corporations to contribute more to support the public structures from which they also benefit.
Read more: Corporate-Funded Study Says Oregon Has Nation's Fifth Lowest Business Taxes and discuss.