State officials have stripped Blue Shield of California of its tax-exempt status, an exemption the nonprofit health insurer has held since its founding in 1939. The decision could put Blue Shield on the hook for tens of millions of dollars in state taxes each year.
By Jamie Court
Remember, months ago, when we called out nonprofit Blue Shield for spending policyholder money to buy a luxury skybox at San Francisco 49ers games? State tax collectors have finally revoked the nonprofit health insurance company’s tax exemption following years of our criticism about its lavish perks, excessive executive pay, padded bank...
CONTACT John M. Simpson
SANTA MONICA, CA – NASA’s just announced lease agreement with a Google subsidiary to manage Moffett Federal Airfield wrongly rewards the Internet giant’s executives for longstanding abuses at Ames Research Center, Consumer Watchdog said. NASA claimed the lease would save the agency approximately $6.3 million annually in...
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...
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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...
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...
CONTACT Judy Dugan & Jamie Court
Sacramento, CA — Consumer Watchdog today called on state and local governments to quit spending taxpayer millions on Scott toilet paper, Kleenex tissues and other products from Kimberly-Clark Corporation. The global company is part of a corporate coalition battling to keep a tax loophole that benefits only out-of-state corporations---to...