It would seem desirable to begin a discussion of state and local taxes from the business point of view by providing some indication of the meaning of the term "business." A dictionary definition which is pertinent is "the buying and selling of commodities and services; commerce; trade." Thus broadly defined, the term "business" embraces a great variety of activities and organizations. It includes such activities as manufacturing, wholesaling, retailing and the provision of services. It includes such organizational forms as corporations, partnerships, and sole proprietorships.
Tax Problems from the Business Point of View,
Wash. L. & Rev.
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