California businesses – California Globe

Is California About to Help Businesses?

June 25, 2024 8:00 amJune 25, 2024 8:01 am

It has been a long time since that headline has been written, but it just might be accurate. Gov. Gavin Newsom, legislative leaders, the California Labor Federation, and the California Chamber of Commerce have agreed on a package to reform...

California’s Last-Minute Budget Maneuver: Retroactive Corporate Taxes on Foreign Dividends

June 14, 2024 2:45 amJune 14, 2024 7:28 am

Imagine if, after carefully planning your household budget based on existing tax rules, you received a letter from the state demanding back taxes for the last five years. That’s exactly what the newest version of the Assembly’s budget proposes for businesses...

Does the EDD Owe the Feds Another $18 Billion Dollars?

September 2, 2023 7:25 amSeptember 2, 2023 7:25 am

Buried in a state Controller’s Office financial report, there is a rather odd entry: a $17.9 billion dollar “current liability” owed to “other governments.” The Controller’s Office said the $17.9 billion line item refers to “amounts due to the Federal...

Legal Reform is Necessary to Incentivize Corrections, Not Lawsuits

September 29, 2022 2:50 amSeptember 28, 2022 4:16 pm

In recent years, California businesses have been increasingly targeted with costly lawsuits forcing many to make substantial changes to their operations, often with a significant impact on our local economy. By creating a litigious climate of uncertainty, many struggle to...