Tuesday, December 11, 2012

Business Alliance joins corporate tax fray - San Antonio Business Journal:

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The proposal, put forward by House and Senate would boostthe state’s corporate minimum tax from the curreng $10 level to between $150, for companies earning less than and $100,000 for companies earning more than $250 million. “Thw $10 Oregon corporate minimum tax has become a source of publix scrutinyand controversy,” wrote Steve Holwerda, the group'sd chair, in a news release. “Wse agree that the minimum tax should be but believe the changes must be modest and reasonable as the minimujm taxesall (C-corporations) whether they are profitable or not.
” chief operating officer of Portland’s Fergusojn Wellman Capital Management, added that the proposal “would be a majot disincentive to operating a business in Oregon and is particularlu harmful to businesses that are already losing Holwerda sent a letter to the group'ss members a day after Democrats have revised a May proposap that would have charged a minimum betweehn $250 and $60,000. The group also called for the state to use rainyhday funds, reserve funds and stimulue money to help solve Oregon’s $4.2 billion The group further expressed concern about “what appears to be an sentiment” in Salem.
“For our state to be all sectors need to be successful and we need to join togethef to makethat happen,” Holwerda

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