By Judy Dugan
Consumer Watchdog has been growling for a while about global corporations that use a tax loophole to pay less in California corporate taxes than in-state companies. Four major companies--Kimberly Clark (Kleenex, Scott toilet paper), General Motors, Chrysler and International Paper--have even launched a major lobbying campaign in the state to save...
By Liza Tucker
We all know that California’s budget is in bad shape. It ended the year with a cash deficit of $9.6 billion dollars, papered over with internal borrowing and accounting sleight-of- hand. And we know that Governor Jerry Brown is counting on voters approving a tax hike come November. And we all know about the big scandal with California...
Out of State Corporations Fighting to Keep Tax Loophole Are Top U.S. Tax Dodgers, Says Consumer Watchdog
CONTACT Judy Dugan & Jamie Court
Santa Monica, CA -- Three of the five global corporations behind a coalition aimed at protecting $1 billion a year in California tax loopholes are among the nation’s top tax evaders, said Consumer Watchdog. They are: - International Paper Co., whose outlandish deductions and credits gained through Congressional earmarks left it with less-...