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Kyle Pomerleau: Retail sales taxes should not be applied to business purchases

Kyle Pomerleau: Retail sales taxes should not be applied to business purchases
Retail sales tax on business purchases

Kyle Pomerleau argues that retail sales taxes should not be imposed on business-to-business purchases.

He adds that expanding sales tax to include consumer services, which are often exempt, could increase sales tax revenue.

Pomerleau has previously highlighted that R&D receives more favorable tax treatment than capital assets under current tax policy. He has also noted that state and local taxes in the U.S. are moderately progressive. His recent comments continue his focus on specific structural features of the tax system.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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