If companies have to report their tax liability, will this measure set a precedent that would result in making personal income tax information public?
No. Unlike individuals, corporations are creatures of the Legislature, with no natural rights other than those granted by the Legislature. No Oregon legislator would vote to make public individual income tax returns, because they know they would be recalled or voted out of office at the next election. Even if a corporate-sponsored initiative requiring disclosure of personal income tax information were to ever reach the ballot, as a retaliatory measure in response to the limited disclosures required by Corporate Accountability Reporting, the voters of Oregon would reject it.
Related Questions
- I currently report all my use tax liability on my Franchise Tax Board (FTB) income tax return. Do I still need to register if I am a qualified purchaser under Revenue and Taxation Code section 6225?
- If companies have to report their tax liability, will this measure set a precedent that would result in making personal income tax information public?
- How is an LLC taxed?
