Massive New Sales Tax Expansion | Mark Harmsworth

Washington Policy On The Go is WPC's bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. In this video, we'll hear WaFd President & CEO Brent Beardall on how businesses are reacting to Washington's new tax burdens.

00:00 - Introduction
00:27 - What’s taxable now (ads, IT, security, temp staffing)
01:12 - “Human effort” catch-all & audit risk
02:14 - You can’t back-bill; point-of-sale liability
02:32 - Nexus & hundreds of local rates
03:14 - Remote work rate confusion
03:39 - Compliance burden for startups and small biz
05:23 - $1M business math: pass-through vs eat cost
06:03 - Stacking costs (carbon, gas, B&O) & customer flight
06:43 - Risk of young firms folding
07:16 - Budget shortfall & one-time money to raises
11:55 - Need cuts; you can’t tax a bankrupt business
12:14 - Federal overspending reliance is risky

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