
You may also be interested in the following resources:
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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 … ContinuedCalifornia BudgetTaxes & 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 … ContinuedCalifornia BudgetTaxes & Revenue
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