The Rose Institute’s Kosmont Cost of Doing BusinessÂ Survey was featured in a recent article by the Los Angeles Times. In an opinion piece suggesting methods of increasing jobs in Los Angeles, writer Russel Goldsmith suggests lowering the city’s gross receipts tax. He writes:
Los Angeles is a particularly expensive place to do business, according to the annual Kosmont-Rose Institute Cost of Doing Business Survey. One reason is a convoluted gross receipts levy that taxes local companies on revenue they earn in the city of Los Angeles — and at a higher rate than they stand to pay in neighboring cities. Reducing the tax would significantly lower the costs of doing business in L.A. and encourage companies to expand and hire local workers.
Los Angeles received the highest possible cost ranking of “Very High Cost” or “$$$$$” and was ranked as one the twenty most expensive cities to do business in by the 2009 Kosmont Survey.