Ready to throw your television through the window yet? Can’t take one more political ad right in the middle of your football game? Don’t fret! It’s almost over. The last day to register to vote is October 18, 2018. Early voting starts on October 20 and lasts for two weeks. And the big day is November 6.
Among the many controversial topics being batted around this election season, one of the few with any opportunity for bi-partisan support is a reform of the corporate tax code. While it is still an issue that generates strong opinions on either side of the aisle, most politicians and business executives realize that the current corporate tax structure is broken. Despite a corporate tax rate that tops out at 39 percent, the highest in the industrialized world, the U.S. actually has a fairly low “effective tax rate.” U.S.-based companies pay only about 10 percent tax because of numerous tax breaks and tax provisions, according to the Government Accountability Office.
The deadline for candidates to file for office and compete in the 2016 Primary and General Elections has come and gone, and now it’s time to take stock on how your vote can impact small and mid-size businesses in Nevada. We all know the impact the policies passed in the 2015 Legislative Session have had on businesses in Nevada. Regardless of how you feel about the policy and tax changes approved by the last Legislature, if there’s one lesson to be learned it’s that being informed is key for business owners whether you aim to lobby against a particular policy or at the very least be in a position to prepare for the change.