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Corporations have been dodging taxes via Prop 13 for some time to the tune of potentially a $9 BILLION dollar windfall should they close some of those loopholes

Corporations have been dodging taxes via Prop 13 for some time to the tune of potentially a $9 BILLION dollar windfall should they close some of those loopholes. I've heard of things like companies buying businesses outright so they can get the property, without buying the property as a transaction with the other entity. [1] http://www.sacbee.com/news/politics-government/capitol-alert/article23689426.html http://www.sacbee.com/news/politics-government/capitol-alert...

DrScump 11y ago
Yes, and corporate inversions are another example (and another effect of tax law enforcement). The answer would be a Constitutional Amendment changing Jarvis-Gann protections to residences only, or even primary owner-occupied residences only. But the corrupt Legislature refuses to consider putting an LCA on the ballot to change this.