Most people would want to live in a place where the costs of living are affordable. This is because with the rising costs of items, people want to reduce on costs. Oregon favors most people and businesses. There is no sales tax charged on items being sold in this region. This area is therefore envied by people living in the surrounding states. The Oregonian environment is thus considered to be a luxurious place for people to conduct their businesses. This type of system is admirable for other states and most look forward to adapting it.
The major benefit of not having sales tax charged is that it helps businesses to reduce on costs. If the sales tax is available, businesses will have to increase the price of goods. Without it, production costs are greatly reduced making items more affordable. Prices of items in Oregon are therefore lower than those in other regions. This has worked well in enabling small businesses coming up to be established. Businesses in this region therefore perform well compared to those in other regions.
There are also tax incentive programs that Oregonian businesses get to enjoy. These programs enable them to learn how to improve their tax systems. The aim of these programs is to increase on the involvement of businesses in community projects and reduction of taxes. This places social responsibility in the hands of businesses. This has made them more aware of their roles in society. It also helps in giving a sense of independence to the businesses as there is no constant follow up on them. Very low rates are also charged for other types of taxes. Businesses can however apply to get some of these tax obligations removed from them. Industries therefore get to grow a lot.
The tax system used in Oregon is also lenient. Businesses get to operate without tax obligations for a specific period of time. This is mainly for startups that have not generated a certain level of income. This gives time for businesses to grow. The money that would otherwise be used for paying taxes is therefore channeled back to the business boosting its capacity. Businesses also acquire more freedom of operation and are not constantly interfered with by authorities.
It is important that all states adapt the Oregonian tax system. This is because through it, businesses have gained equal opportunities for growth. Businesses operating in Oregon and have branches elsewhere are also allowed to have the tax exemption in their branches. Elimination of the sales tax has proven to work well in ensuring that businesses diversify and focus on important aspects of their development. States surrounding Oregon should adapt the law of removing sales tax to ensure that their industries get to expand and businesses grow to match those in Oregon. This is one of the steps towards achieving free trade.