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SF politics
fromLos Angeles Times
1 day ago

Eliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts

California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
fromwww.mercurynews.com
5 months ago

Walters: Are state's tax loopholes, rebates good business or questionable kickbacks?

When Gov. Gavin Newsom and legislative leaders were negotiating a final state budget last June, they reduced some health and welfare programs to help close a multi-billion-dollar gap between income and outgo. Nevertheless, they agreed to more than double the state's subsidy to Southern California's film and video industry, which enjoys strong political clout, by setting aside $750 million for tax credits, to induce producers to shoot in California rather than in some other state or country.
California
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