In 2009, Governor Arnold Schwarzenegger consistently stated financial emergency situations as California's state budget deficit reached all-time highs. The Governor and legal leaders developed the Commission on the Twenty-first Century Economy to suggest tax reforms that would enhance the state's financial health and competitiveness.
The case explains the financial and political factors to California's consistent financial deficits and the reforms suggested by the Commission. It sums up current patterns in tax by U.S. states and OECD countries, relating the empirical patterns to tax theory.
PUBLICATION DATE: April 27, 2010 PRODUCT #: 710038-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
Japanese Facsimile Industry in 1990
Sorensen Chevrolet File Reporting Form
Accounting at Biovail – Revised
Bank Waal and Ijssel II
Goodyear Tire & Rubber Company: Follow-On Equity Issue
Introduction to Financial Accounting
Odebrecht Drilling Norbe VIII/IX – Project Bonds as a Refinancing Tool in Project Finance
Recycling Food Waste to Energy – First Mover Pitfalls: IUT Global Pte Ltd.
Sticks and Stones? How Companies Respond to Tax Shaming
The Summer Program at Portsmouth Abbey
