January 7, 2014
Re "Big tax breaks for the taking," Column, Jan. 5 As Boeing's threat to relocate final assembly of its new 777X from Washington state to whichever state or whichever workers can offer it the best deal shows, the race to the bottom continues. Corporations play one government against another to gain tax breaks and other benefits. The "winning" entity often receives dubious value in return for the gifts. The primary effect nationwide is to reduce the corporations' tax contributions, transferring the burden to individuals.
December 30, 2013 |
As 2013 comes to a close, so will dozens of tax breaks that save companies billions of dollars in tax liability. Congress has allowed 55 tax breaks to expire but will likely restore many of them, retroactively, in the coming months, the Associated Press reported. In years past, the breaks have expired only to be restored in the months to come. “It's a totally ridiculous way to run our tax system,” Rachelle Bernstein, vice president of the National Retail Federation, told the AP. “It's impossible to plan when every year this happens, but yet business has gotten used to that.” PHOTOS: Most affordable zip codes for home buyers Some of the tax breaks are big, including billions in credits for research and development, generous exemptions for banks that operate overseas and several that allow businesses to write off capital investments faster.
December 30, 2013 |
WASHINGTON - Jennifer Tadlock doesn't yet have all the talent lined up for the small-budget dramatic action feature she hopes to film next year, let alone a full crew. But she does have a tax break, and it's expiring, which was enough to get her behind the camera last month. Tadlock spent about $500 to hire a skeletal crew and nonunion talent to film just one scene near her home in Fresno. "We did the makeup ourselves," she said. The scene, involving teenagers plotting to harass an elderly woman, may never appear in the final cut. But by shooting this year, Tadlock hopes to lock in place the tax break that was key for investors who put up the $6 million she'll need to shoot "Shades of Grace" for real next year.
December 19, 2013 |
SACRAMENTO -- A state panel has granted a $34.7-million tax break to Tesla Motors Inc., which makes high-tech electric vehicles at facilities in Fremont and Palo Alto. The California Alternative Energy and Advanced Transportation Financing Authority this week approved the credit on sales and use taxes that Tesla would have paid for equipment to expand its production of electric cars and power trains. Photos: The world's most beautiful cars "I'm pleased we could take this action to encourage Tesla to expand its electric vehicle production in California, which will create green jobs and improve our air quality," said state Treasurer Bill Lockyer, who chairs the agency's board.
December 6, 2013
Re "Enabling Karzai," Opinion, Dec. 3 Let's not stay in Afghanistan another 10 years. The bilateral security arrangement with that country needs to be stopped. Our elected representatives in Washington should listen to their constituencies, who are most assuredly "near unanimity in favor of an immediate, total withdrawal. " It's time to leave Afghanistan to the Afghans. Norman Gottlieb North Hills ALSO: Letters: Powering California Letters: America needs plumbers too Letters: Mixing politics and tax breaks
December 6, 2013
Re "501(c)(4) rules without teeth," Editorial, Dec. 4 I applaud your editorial regarding the treatment of nonprofit organizations under IRS Code Section 501(c)(4) by returning to the letter of the law. That code section provides for the tax exemption of civic leagues or organizations not organized for profit but operated exclusively for the promotion of the general welfare. The IRS defined "exclusively" as "primarily," meaning that organizations can engage in other activities, including election-related activity.