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The Water Cooler
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heads up to business owners SQ766
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<blockquote data-quote="Glocktogo" data-source="post: 1942253" data-attributes="member: 1132"><p>Oklahoma never met a tax they didn't like, so long as they're the ones doing the taxing. I could see a real problem with uneven enforcement, jurisdiction and even what constitues taxable intangibles. What if the tax assessor says it's a taxable intangible, but the owner What's to stop companies from "offshoring" their intangibles with a post office box in another state, to register their intangibles where they're not taxed? What's to keep businesses from avoiding the tax by hiding the intangible assets? This is a very Obamaesque type of tax. I could see this having a negative impact on business in Oklahoma.</p><p></p><p>I don't have any taxable intangibles myself, but I do not support this particular tax either way.</p></blockquote><p></p>
[QUOTE="Glocktogo, post: 1942253, member: 1132"] Oklahoma never met a tax they didn't like, so long as they're the ones doing the taxing. I could see a real problem with uneven enforcement, jurisdiction and even what constitues taxable intangibles. What if the tax assessor says it's a taxable intangible, but the owner What's to stop companies from "offshoring" their intangibles with a post office box in another state, to register their intangibles where they're not taxed? What's to keep businesses from avoiding the tax by hiding the intangible assets? This is a very Obamaesque type of tax. I could see this having a negative impact on business in Oklahoma. I don't have any taxable intangibles myself, but I do not support this particular tax either way. [/QUOTE]
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