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 – 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...