Would Corporate Accountability Reporting change Oregons corporate tax laws?
No. Corporations must file Oregon corporate taxes if they are located here or sell their products or services here and have a presence here. Oregon bases it taxes on profits, not revenues. If companies are located in Oregon but do not sell their goods or services to Oregonians, they would still pay only Oregon’s $10 minimum tax. This measure would not directly change this or any other feature of corporate tax law. The information provided, however, may ultimately lead to changes in Oregon’s corporate tax laws to make them more equitable. It will help Oregonians learn whether Oregon’s tax system is treating all corporations fairly.
