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Tax

Patagonia’s Founder Will Avoid Paying $700 Million in Taxes With Legal Loophole

Patagonia's Founder Who Gave Up Company Will Avoid $700 Million Tax Hit

On September 14, Patagonia made headlines and shocked the outdoor industry when owner Yvon Chouinard announced that he was transferring 98% of the family-owned company, including all its non-voting stock, to a new nonprofit called Holdfast Collective. Made in the name of saving the planet, the donation hands the company off to an advocacy group with a mission to โ€œfight […]

Nick DeRiso | September 21, 2022
3 Comments

Should Ski Passes Be Taxed In Order To Support College Students?

Should ski passes be taxed?

The state of New Hampshire may soon be considering a new state-wide sales tax of 9 percent on ski lift passes, proposed by the State Rep. Craig Thompson, to help fund a scholarship program for in-state college students. With one of the highest in-state tuition costs of over $18,000 (USD) per year, almost $5,000 above the national average, approximately 66% […]

Post Tag for Industry NewsIndustry News
Lucy Ferneyhough | November 6, 2019
3 Comments

First Year Marijuana Sales in Nevada Exceed Expectations by 40-Percent

nevada, marijuana

The first full year of legal marijuana sales in Nevada surprised officials by exceeding expectations by 40 percent, reports the Tahoe Daily Tribune.ย Taxable pot sales statewide totaled $529.9 million and raised nearly $70 million in tax revenue, including $27.5 million for schools, the Nevada Department of Taxation said. Adult sales that first became legal on July 1, 2017, accounted for […]

Avatar photo SnowBrains | September 1, 2018
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Nevada Earned $3.7 Million In Tax Revenue In Their First Month of Legal Marijuana Sales

According to theย Associated Press, the first month of legal sales of recreational marijuana in Nevada yielded $3.7 million in tax revenue.ย This amount is consistent with projections that the industry will provide the state with $120 million in tax revenue over the next two years. Marijuana has a 15% wholesale tax and a 10% retail tax in Nevada, which is responsible […]

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Avatar photo SnowBrains | October 3, 2017
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Colorado’s Pot Business On Track to Break $1 Billion in Sales This Year:

According to Colorado’s Department of Revenue, Colorado pot shops sold more than $270 million in cannabis and related products in the first three months of 2016. The stateโ€™s latest data shows that its marijuana shops sold nearly $90 million of cannabis in March 2016. The licensed stores sold more than $55 million in recreational marijuana and more than $33 million […]

Post Tag for Industry NewsIndustry News
Chris Wallner | May 13, 2016
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