Friday, June 25, 2010

Transparency to break out in California?

Citizens for Tax Justice has produced another useful pointer:

"Bills moving through the California legislature would make it much easier to determine whether California’s special tax breaks — costing billions of dollars annually — are worth the trouble. Specifically, the Assembly would require that the names of publicly traded corporations, and the amounts they received in specific tax breaks, be made publicly available on a searchable website. The Senate, in turn, is seeking to create a new job creation reporting requirement, and to require that new tax credits include specific, measurable goals and sunset dates. Business groups have predictably lined up in opposition to these bills."

This is such a no-brainer, as they like to say over there, that it's a wonder it doesn't happen more often. More here.


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