Parsky, Angelides and a British Dependency
What do Phil Angelides, Gerry Parsky, public employee retirement pensions and the Cayman Islands have in common? Good question. And one that someone might want to ask the state’s treasurer turned gubernatorial hopeful.
In his bitterly self-righteous and antagonistic style, Angelides has been railing against corporate tax loopholes as part of his campaign for governor of California. The Phil for Guv campaign website encourages supporters to sign a petition to Schwarzenegger with the following language:
"Did you know there is a California tax loophole that lets some corporations do business in California and elsewhere without being taxed?
"That’s right. Because of one loophole, some companies can do business in California and avoid paying taxes anywhere!"
The petition suggests that by closing these loopholes, the state (or more to the point, Phil if only you elect him governor) could use the money to “offer a… Read More