Franchise Tax Board

Blue Shield Targets Profit Over Public Good, Tax Board Says

Submitted by Eddie Barrera on Sun, 07/05/2015 - 10:44
Blue Shield of California's $4 billion reserves and an executive mandate to increase profits are some of the reasons the California Franchise Tax Board gave in a June 2014 audit that revoked the insurance company's tax-exempt status. 
 

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Regulators Mum on Blue Shield’s Revocation

Submitted by Eddie Barrera on Wed, 06/17/2015 - 14:10

Nearly a year after a state agency revoked Blue Shield’s tax exemption, the public still doesn’t know why the health insurance giant can no longer avoid state taxes and whether it has abused its past tax subsidies.  

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Blue Shield of California Loses Its Non-Profit Tax Status

Submitted by Eddie Barrera on Thu, 03/19/2015 - 15:00

National radio host Norman Goldman and Consumer Watchdog President Jamie Court talk about how Blue Shield has finally had their "non-profit" tax status revoked in California and why other corporations like them should have their status removed as well.

http://www.consumerwatchdog.org/sites/default/files/resources/podcast_3-...

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KCBS TV-2 Los Angeles - California Strips Blue Shield Of Tax-Exempt Status

Submitted by Eddie Barrera on Mon, 03/09/2015 - 15:00

Source:

KCBS TV-2

Los Angeles State officials have stripped Blue Shield of California of its tax-exempt status, an exemption the nonprofit health insurer has held since its founding in 1939. The decision could put Blue Shield on the hook for tens of millions of dollars in state taxes each year.

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