WA Bill Could End Tax Cap for Major Tech Companies Amid State Budget Shortfall

(The Center Square) – Microsoft and Amazon are among the wealthiest companies in the world, each with a market capitalization of well over $2 trillion, but a bill out of Washington could trim off some cash to save the state’s finances. The Legislature levies various taxes on businesses operating within its borders. One of the most common is a business and occupation, or B&O, tax. The state requires some companies, including major tech firms, to pay more, but the higher rate also comes with a cap. Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Read more: https://www.thecentersquare.com/washington/article_bc6cd952-f47e-11ef-9bdf-5b3c33eb5ea5.html