4 ms·
Blue Shield of California lost their tax-exempt status in California a few years back.
by inferiorhuman 9y ago
Blue Shield of California lost their tax-exempt status in California a few years back.
- r0m4n0 9y agoThey lost their ca tax exempt not for profit status but they are still not for profit... which means they pay normal taxes and still operate as a non profit, which is actually pretty amazing in my opinion. They also limit net income to 2% of revenue and refund anything more. https://www.blueshieldca.com/bsca/bsc/public/member/mp/contentpages/!ut/p/a1/tZExb8IwFIT_ShkYI784IXZGQ4ESlSJBq5IskW0MuErsEEzV_vs6lKFLQR3qyZbO7757hwq0RoXh73rHnbaGV927SEpMZ_QBIMwWgAEYhVH2lKaUEoJeUYEKaVzj9iivVS1UW0prnDKuVKYPl_tda63rAxf25EpRnVR53GtVbTpB29iWO1Vqs7VtfXbuw1YbbqTm1bEzaKTeoBwnIYmVgIBscBjEGEiQChkH6UClXCohtqHwxLknhl8Og1uBsrPgyn9vgNv5aL7zWNztgw4brRsrv3fxc_r0eRQBm45ZNKEvEY3ji-DK9NzjkzKjkMyGC3iEFSXA7sfLIZtgDNMQrf64j-xWYJ9Hvx0OBfM9dmV9OLT-nyKbuqbRZ1CIZEkhGlQ71ut9ATPHhq0!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/ https://www.blueshieldca.com/bsca/bsc/public/member/mp/conte...
- inferiorhuman 9y agoHow is that still a thing? The LA Times article mentioned that they've never had status with the IRS and that they lost status with the California taxmen.