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.
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Filed under: Business/Corporation Taxes, General Tax Reform on March 10th, 2010 at 11:47 am
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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
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Filed under: Business/Corporation Taxes, Press Room on July 15th, 2009 at 1:06 pm
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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, [...]
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Filed under: Business/Corporation Taxes on July 13th, 2009 at 12:50 pm
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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;
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Filed under: Business/Corporation Taxes, Carbon Reduction Policy on July 7th, 2009 at 2:18 pm
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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
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Filed under: Business/Corporation Taxes, Press Room on May 19th, 2009 at 4:15 pm
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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
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Filed under: Business/Corporation Taxes, Press Room on May 3rd, 2009 at 7:31 pm
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California is on the verge of continuing to gut its corporation tax, without debate and discussion. Last year’s budget agreement contained two provisions to shelter income and destabilize the corporation tax. This year another heavily-lobbied provision—single sales factor apportionment– will be attached to the budget which will provide a cumulative billions in revenue loss, at [...]
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Filed under: Business/Corporation Taxes, Press Room on February 27th, 2009 at 1:22 pm
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Contact: Lenny Goldberg
Sept 15, 2008
“Death of the Corporation Tax” is part of the Budget Deal
In exchange for a small amount of temporary short-term revenues, the Legislature is poised to open two vast new loopholes in the corporation tax, loopholes which will continue indefinitely. The impact will be to greatly diminish the corporation tax at [...]
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Filed under: Business/Corporation Taxes, Press Room on September 17th, 2008 at 12:50 pm
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