Resources

Displaying 1-12 of 52 results found

• Fact Sheet

  Water’s Edge: Closing the Largest Corporate Tax Loophole in California

  Corporate profits have skyrocketed in recent years while workers’ wages have stagnated and families struggle to keep up with the rising costs of living. Despite these disparities, large tax breaks, such as the “Water’s Edge” loophole, remain in place. Big corporations have also benefited greatly from the 2017 Trump tax cuts and stand to receive … Continued
  
  California Budget

  Taxes & Revenue
• Issue Brief

  Profitable Corporations Can’t Keep Paying Zero in California State Taxes

  In California, workers’ wages have stagnated and families struggle to keep up with the rising costs of living, while corporate profits have skyrocketed. Yet many profitable corporations in California pay zero or very little in state taxes year after year.  Big corporations have also benefited greatly from the 2017 Trump tax cuts and are poised … Continued
  California Budget

  Taxes & Revenue
• Issue Brief

  A Graduated Corporate Tax Ensures California’s Most Profitable Corporations Pay Their Fair Share

  Corporate profits have soared in recent years, especially among a small share of large corporations. Yet because California does not have a graduated corporate income tax, large corporations pay the same tax rate as smaller ones and often have more resources to exploit tax loopholes.  Big corporations have also benefited greatly from the 2017 Trump … Continued
  Taxes & Revenue
• Fact Sheet

  Legal Loopholes: How Corporations Reduce Their California Tax Bill

  In California, workers’ wages have stagnated and families struggle to keep up with the rising costs of living, while corporate profits have skyrocketed. Big corporations have also benefited greatly from the 2017 Trump tax cuts and are poised to receive more benefits from the federal tax and budget bill just enacted by the Trump administration … Continued
  Taxes & Revenue
• Data Hit

  Fair Taxes, Strong Communities: Closing Loopholes to Support Californians

  California faces a budget shortfall, but instead of cuts that harm communities, the state can raise revenue equitably by closing ineffective tax loopholes that benefit the wealthy.
  California Budget

  Taxes & Revenue
• Fact Sheet

  California’s Undocumented Residents Make Significant Tax Contributions

  key takeaway California’s undocumented residents contribute nearly $8.5 billion in taxes, playing a crucial role in supporting public services while remaining excluded from essential programs. All Californians should be able to live thriving lives and participate in their communities, regardless of their race, ethnicity, age, gender identity, sexual orientation, ability, or immigration status. California is … Continued
  Health & Safety Net

  Taxes & Revenue
• Commentary

  How California Leaders Can Improve the Oversight and Evaluation of State Tax Expenditures

  California Budget

  Taxes & Revenue
• Commentary

  A California For All Requires Fair Taxation

  A California for all, where everyone has access to economic opportunity, affordable housing, comprehensive health care, quality education, sufficient child care, and other basic needs, is possible. Policymakers can achieve this vision by advancing fairer taxation to prevent cuts during budget shortfalls like the one we face today and address the vital long-term needs of … Continued
  Taxes & Revenue
• Fact Sheet

  Building Prosperity: Fair Corporate Taxes, Strong Communities

  California corporate profits soar at record highs, yet pay less in taxes than ever. Learn how equitable taxes could benefit everyone.
  Taxes & Revenue
• Fact Sheet

  State Corporate Taxes Are a Tiny Share of Total Corporate Expenses

  key takeaway Despite record profits, corporations pay a tiny fraction of their California expenses in taxes — just 0.11% on average. Modest corporate tax increases could generate substantial revenue to boost income for families in poverty, fund crucial public services, and address economic inequality, especially for Californians of color. State tax revenues make possible the … Continued
  Taxes & Revenue
• Data Hit

  Less Than 2% of State Tax Breaks Go to Californians with Low Incomes

  California’s refundable tax credits for low-income residents make up a small fraction — less than 2% — of the state’s nearly $80 billion of tax breaks, which disproportionately benefit profitable corporations and the wealthy.
  Taxes & Revenue
• Report

  Three Ways State Policymakers Can Raise Revenues to Advance California’s Priorities

  Improving Corporate Taxation Is Necessary for Building a Just and Equitable State
  Taxes & Revenue