High-Tech, Low Tax: How the Richest Silicon Valley Corporations Pay Incredibly Low Taxes on Their Land
Read our new report on the massive undertaxation of Silicon Valley property.
Read the PDF here.
The Truth About California’s Business Tax Burden
Read the full report in PDF
California’s business tax burden is talked about a lot but most of the debate is based on rhetoric as opposed to empirical research. The business community and lawmakers from both parties, particularly the California Republican Party, have made repeated claims that California businesses are heavily overtaxed.
It’s time to close a big tax loophole for businesses
California’s property tax burden has gradually shifted to homeowners because commercial and industrial property doesn’t change hands as often as homes and the sales can be easily disguised.
by Michael Hiltzik in the LA Times.
Originally posted by the LA Times
Corporate Loophole Repeal Initiative
Summary: this proposed initiative repeals only the three new corporate loopholes which were the secret part of the failed budget deals in September 2008 and February 2009.
None of them have yet taken effect, so the initiative will prevent over $2 billion yearly in future revenue losses. It has been filed with the Secretary of State, [...]
Read more...Initiative: Eliminate the New Corporate Loopholes
This initiative, filed July 7, 2009, would repeal the new corporate loopholes passed in secret by the Legislature as part of the failed budget deals which have been rejected by the voters. Read the initiative in pdf;
Read more...Internet Tax Avoidance: SF Chronicle op-ed
San Francisco Chronicle op-ed article which highlights how the “Amazon” loophole hurts jobs and tax revenue in California
Read the original article in the SF Chron
California’s Cavernous Corporate Loopholes: LA Times op-ed
http://www.latimes.com/news/opinion/commentary/la-oe-goldberg30-2009apr30,0,249660.story
As voters try to decide how to repair the state’s budget, big companies are walking away with billions in tax giveaways.
By Lenny Goldberg
Op-ed piece which explains the huge new corporate loopholes which stem from the last two budget agreements and which will cost the state $2.5 billion yearly . Read about how they happened and how they work
Read more...