November 22, 2005
Inc. magazine -- 'The Trouble with Tax Holidays'
Finally, the holidays may even confuse or discourage investors because they can create financial reporting discrepancies that make it hard to judge retailers on same-store sales comparisons from one month to another. "Sales tax holidays make the tax code unstable," says Curtis Dubay, an economist at the Tax Foundation, a nonpartisan tax policy research group based in Washington, D.C. "You are essentially operating under two tax codes for the year, so it is difficult to comply."
