A comprehensive study shows no correlation between taxes paid by large corporations and prices paid by consumers in that same state.
The new study from the Oregon Consumer League and Our Oregon studied consumer prices across state lines to find out if and how corporate taxes affected those prices.
“A nationwide scan of the prices consumers pay at major retailers showed that low state taxes do not equate to low consumer prices, or vice versa,” said Shamus Lynsky, Interim Executive Director of the Oregon Consumer League and lead author of the study. “In fact, we found major retailers offer items for the exact same price in every state.”
This report shows that despite what large and out-of-state corporations may say, raising Oregon’s corporate minimum tax will not lead to higher prices for common consumer goods.
The full study, which analyzed hundreds of data points on multiple product categories at five major retail chains, can be found here.