[William Tell]

From the article: "... we now tax inventories in the USA."

I remember years ago working into the night with an entire crew of people counting inventory for tax purposes. What a waste of effort.

Didn't California eliminate the inventory tax? Where is it still used?

[Arthur Wildfire! March]

As I understand it assets are factored when estimating a corporation's profits and inventories are included.

My local Wal*Mart had been audited this year in Virginia.

Imagine them being discouraged from stockpiling essential medicine, emergency gear, and nonperishable food.