Proposition 39 is a ballot initiative in the state of California that modifies the way out-of-state corporations calculate their income tax burdens.
Proposition 39 removes the ability for out-of-state corporations to choose how to calculate their California tax burden.
Two out-of-state corporations are running the alternative press.
My intention is to prevent a large out-of-state corporation from setting up shop in my county to prey upon people who have a problem.
Juries' decisions on damages are "fraught with the risk of injustice," the appeal asserts, particularly when the defendant is a big out-of-state corporation.
Standard Oil, for instance, was an Ohio corporation prohibited from owning plants in other states or holding stock in out-of-state corporations.
While local communities struggle to pay the consequences, the profits flow to an out-of-state corporation, The Washington Post Company.
"This is not about anything other than cold hard cash for big out-of-state corporations," Mr. Johnson said.
In 2009, budget negotiations in Sacramento created a tax loophole for the benefit of out-of-state corporations.
Mr. O'Neill is also counting on the aggressive collection of unpaid taxes from out-of-state corporations to bring in $90 million during the next fiscal year.
