Inversions have been in the news consistently this summer as multiple companies have looked for legal paths away from the U.S. corporate tax system. Burger King became the latest corporation to add to the list after they...
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- “Six Californias” Initiative Submits Signatures for N...
“Six Californias” Initiative Submits Signatures for November 2016 Ballot
Venture capitalist Tim Draper announced yesterday that he has gathered the 808,000 signatures necessary to place his proposal to split California into six states on the November 2016 ballot:
One state, to be called Silicon Valley, would include the tech hub along with the San Francisco Bay Area. Jefferson, named after the third U.S. president, would encompass the northernmost region. The state capital of Sacramento would be in North California, while South California would be made up of San Diego and the eastern suburbs of Los Angeles.
L.A. itself would be part of a state called West California.
Proponents say the division would help create a more business-friendly environment, solve the state’s water issues, and ease traffic congestion.
California ranks 48th out of the 50 states in our State Business Tax Climate Index.
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