Ventura County sued over UCLA Health clinic property taxes
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Amgen shares drop after earnings release and disclosure of $5B tax dispute
When Thousand Oaks-based Amgen released its financial results for the first quarter of 2022 on April 27, the biggest surprise didn’t come from its dip in net profits or rise in revenue, but from a tax dispute with the Internal Revenue Service. Amgen said it received a notice of deficiency from the IRS on April Read More →
Vista Equity founder Robert Smith under tax investigation
Robert Smith, the founder of Vista Equity Partners, which counts Mindbody and LogicMonitor in its portfolio, is facing an investigation by U.S. tax authorities over his personal offshore holdings. According to reports first published in Bloomberg, then in the Financial Times and others, Smith has come under scrutiny over tax treatment of millions of dollars Read More →
Tri-county landlords can get relief from tax and fee payments
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Balbien: Let economic theory guide tax reform
By Joel Balbien In an ideal world, governments operate under balanced budgets and taxes on the private sector and individuals are structured to minimize adverse changes in economic behavior. Good public policy funds government services demanded by voters and paid for by taxpayers while sustaining competitive levels of private sector production, sale of goods of Read More →
White: How to handle IRS efforts to collect unpaid taxes
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Our view: Monetary policy shouldn’t be only game in town
IWhen President Ronald Reagan cut taxes in the 1980s, the national debt was 30 percent of GDP. Even those tax cuts were partially reversed amid rising deficits and, by the late 1990s, the U.S. Treasury was running a rare surplus. Today, after large tax cuts in the early 2000s, spending for wars and recession recovery Read More →
