Cayman Islands Tax Loophole

BLOCK BILL TO CLOSE TAX LOOPHOLES FOR COMPANIES OFFSHORING ASSETS PASSED ASSEMBLY; REVENUES WOULD HELP COLLEGE STUDENTS PAY FOR TEXT BOOKS

 

 

March 27, 2010 (Sacramento) Assembly Bill 1178, also known as the “Cayman Islands Tax Loophole” bill, recently passed the Assembly and will next be considerate by the Senate. The measure authored by Assemblyman Marty Block (D-Lemon Grove) passed the Assembly with a 42-28 vote.


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