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Taxes

News Release
6/8/2017
Posted by Jerry Flanagan
Santa Monica, CA -- The California Supreme Court should review a decision that would prevent consumers from seeking refunds when they are illegally taxed, according to an amicus curiae letter submitted by Consumer Watchdog. In McClain, et al. v. Sav-On Drugs, et al., the California Court of Appeal ruled that consumers who have been wrongfully...
News Story
1/21/2016
Posted by Mark Reback
California's four largest health plans may be on the hook for $10 billion in state back taxes -- and at least $1 billion every year going forward -- if a closely watched legal case does not break their way.     Should that happen, insurance industry critics say, it would end one of the biggest tax code abuses in state history...
Blog Post
4/18/2013
Posted by John M. Simpson
Google, the company that makes its money by assembling digital dossiers about its users and selling them to advertisers for the highest bid, reported earnings Thursday.  Revenue increased 31 percent to $13.97 billion and net income in the first quarter rose 16 percent to $3.35 billion, or $9.94 a share. Admittedly, as I listened to the...
News Story
3/4/2013
Posted by Mark Reback
Are you ready for $6-per-gallon gasoline? Then $7 a little later? Premium grades of gasoline already go for more than $5 per gallon in some parts of California; regular has been above $4.50 for a month at hundreds of service stations. There is no promise these near-record price levels will drop anytime soon, especially with summer approaching and...
News Story
12/13/2012
Posted by Mark Reback
In an interview given yesterday to Bloomberg in New York City, Eric Schmidt, the chairman of that famous "do no evil" company, Google, said that he is "very proud" of Google's complex tax avoidance measures. "It's called a capitalsm", he said. And indeed it is, the ugly, arrogant and unacceptable face of it....
News Story
12/13/2012
Posted by Mark Reback
Google chairman Eric Schmidt has insisted that he is "very proud" of the company's tax structure, and said that measures to lower its payments were just "capitalism". Mr Schmidt's comments risk inflaming the row over the amount of tax multinationals pay, after it emerged that Google funnelled $9.8bn (£6.07bn) of...
News Release
12/12/2012
Posted by John M. Simpson
SANTA MONICA, CA – Consumer Watchdog Wednesday called for a Senate hearing into Google’s “morally bankrupt” tax policies that force taxpayers “to make up for the Internet giant’s unwillingness to pay its fair share." Consumer Watchdog called for the hearing in a letter to Sen. Max Baucus, chairman of the...
News Story
12/12/2012
Posted by Mark Reback
The search giant paid £6m in tax – despite making sales of £2.6 billion -- Company’s chairman Eric Schmidt said the company paid 'lots of taxes - in legally prescribed ways' The boss of Google last night said he was ‘very proud’ of the elaborate structure that helped the search giant slash more than...