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Full-Text Articles in Legal History
Turnover Taxes: Their Origin, Fall From Grace, And Resurrection, Richard Pomp
Turnover Taxes: Their Origin, Fall From Grace, And Resurrection, Richard Pomp
Faculty Articles and Papers
The turnover tax, a hallmark of developing nations and even once blamed for Spain’s decline, has made a comeback in the states, starting with Ohio.
A turnover tax is a gross receipts tax that is applied every time a good or service “turns over,” that is, every time the good or service transfers from one entity to another for consideration. The tax base is therefore turnover, and the measure of the tax is gross receipts.
In this article, Professor Richard Pomp examines the turnover tax’s deep roots dating back to ancient Athens, and tracks its course from the time the …