Oregon's governor has called the state legislature into special session today to consider a tax deal for Nike, the $24.7 billion sneaker company, the Wall Street Journal reports. Nike, the state's second biggest company, with headquarters are in Beaverton, Ore., is thinking of expanding but wants the state to promise that its tax burden won't increase.
Oregon Gov. John Kitzhaber has asked the legislature to allow him to promise companies their taxes won't change for 40 years if they promise to invest $150 million in Oregon over five years and create 500 jobs. The Journal notes that Oregon already offers companies a “single sales factor” tax structure in which they pay taxes only on their sales in Oregon, rather than their total sales or property.
See the full story here.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
