As outlined in his 2014-2015 budget, Gov. Kasich’s proposal to expand the tax base to include most service businesses is being met with some skepticism and concern from business owners who say the cost of a new tax would be passed directly on to the consumer, Crain’s Cleveland Business reports (see our February 8, 2013, blog post for more information). Concern that such a tax would hurt Gov. Kasich’s efforts to brand Ohio as a “business-friendly state” is also mentioned, as is Bricker & Eckler LLP partner in charge of the Cincinnati/Dayton office Mark Engel’s perspective that lower-income people will be disproportionately affected by the tax because they “tend to spend a greater share of their income on purchases,” the article said. For more, read the full story.
Concerns abound over Gov. Kasich’s proposed expansion of the tax base
