A national wealth tax has gone nowhere. Now some states want to tax the ultra-rich
Each state has its own approach for taxing the rich, but typically the strategies include taxing assets as well as lowering the threshold for estate taxes.
New taxes, tourism funding cuts among bills pushed through as legislature winds down
Lawmakers agreed on a number of measures Thursday that need full House and Senate approval and then Gov. David Ige’s signature.
Tax form change would clarify amount of REIT deductions
As Hawaiʻi faces major budget shortfalls this year and several years to come, it is imperative that all corporations provide accurate reporting of its assets and revenues generated.
To invest in its future, Hawaiʻi needs to raise taxes now
Kicking the can down the road further burdens the taxpayers of tomorrow.
Require REITs to disclose assets and revenues
So long as these trusts aren’t paying corporate income taxes, they aren’t paying their fair share of taxes.
REITs should pay taxes like rest of us
This is the year for our legislature and governor to come together to do what’s best for the state: Make REITs pay state corporate income taxes.
Advocates press for tax on real estate trusts
Real estate investment trusts own a number of landmark properties in Hawaiʻi, and their structure allows them to avoid paying Hawaiʻi’s corporate income tax.
Community activists urge governor to allow real estate tax bill to become law
Community activists paid Gov. David Ige a surprise visit at the State Capitol on Wednesday, urging him not veto a bill that would tax some of Hawaiʻi’s largest landowners.
It’s absurd that REIT income is not taxed in Hawaiʻi
Hawaiʻi lawmakers should do the right thing and pass Senate Bill 301.
Surprising support for new tax on Hawaiʻi’s powerful real estate interests
Past efforts to tax REITs, which own $18 billion of property locally, have gone nowhere. This session, the proposal has already passed the full Senate and House committees.