Retroactive Tax on California Entrepreneurs Unwarranted and Unfair
As an elected official and taxpayer advocate, I cannot remain silent while state tax officials punish California taxpayers who in good faith followed our laws.
That’s why I’m urging the Franchise Tax Board to reverse a controversial staff decision seeking millions in retroactive taxes from California entrepreneurs and small businesses.
In my letter to the three members of the Franchise Tax Board, I call FTB’s December 2012 staff action “unwarranted and unfair to taxpayers.”
I explain that the Second District Court of Appeal’s decision in Cutler v. Franchise Tax Board does not require FTB to take this action. I warn that it “sends entirely the wrong message to investors, entrepreneurs and job creators doing business in our state.”
A growing bi-partisan chorus of California legislators, newspapers and… Read More