A recent report by accounting firm Ernst and Young finds Oregon has one of the lowest business tax rate structures in the U.S. based on state business taxes for fiscal 2007.
The criteria used by Ernst and Young to evaluate tax structures from state to state included business taxes as a percentage of private sector economic activity, the business share of total state and local taxes, and the ratio of business taxes relative to the value of public services benefiting businesses.
Of those three measures, Oregon had the second lowest effective business tax rate in the country, the third-lowest business share of total state and local taxes, and the lowest overall ratio of business taxes relative to the value of public services benefiting businesses, according to the report.
A full copy of the report is available at: www.oregon4biz.com/taxstudy07.pdf
