Landmark Legislation Will Strategically Position California to Protect Consumers and Recover Revenue

Underground Economy Robs the State of Billions


Landmark Legislation Will Strategically Position California to Protect Consumers and Recover Revenue


Sacramento – Counterfeiters, smugglers and other illegal operators in the Underground Economy are depriving California of an estimated $8 billion in state taxes that could be spent on schools, public safety, hospitals and other essential services. To combat the criminal activity and level the playing field for California businesses, Senator Curren D. Price, Jr. (D-Los Angeles) has partnered with the Board of Equalization (BOE) to promote legislation (Senate Bill 1185). Senate Bill 1185 would create a Centralized Intelligence Partnership – a central location for agencies to share information that will help them expose, investigate and prosecute illegal operators as well as create a statewide evasion hotline for the public to anonymously report illegal activities.


"These are startling and sobering figures," said Senator Price. "We must capture the billions lost to the underground economy by creating a concerted and comprehensive effort to protect our state’s signature industries and California’s consumers and taxpayers. I am making it a legislative priority to target directly this drain on California’s struggling economy.”


"Government is not properly aligned to deal effectively with tax evasion by organized crime. The Centralized Intelligence Partnership creates an operational structure and collaboration that is critical and necessary to mitigate criminal activity from those who manufacture and distribute illegal products and refuse to pay their fair share," said BOE Chairman Jerome E. Horton. "This illegal behavior places an unfair burden on California taxpayers."


Criminal activity in the underground economy includes a variety of illegal activities such as selling counterfeit goods like “knock off” designer items, offering and paying for services under the table, and smuggling goods into California without paying the required taxes. Criminals that don't pay taxes harm legitimate businesses by offering goods for lower prices and deprive the state and local governments of corporate, personal and sales and use taxes used to fund critical state and local public services. Illegal operators in the Underground Economy ignore many state laws, deprive workers of employment protections, contribute to crime in our local communities and create health and safety hazards for consumers.

The Centralized Intelligence Partnership is anticipated to increase California’s revenues and consumer protection by accelerating the investigations process and reducing prosecution costs while working together with state and local law enforcement and prosecutors.

Views: 36

Comment

You need to be a member of Leimert Park Beat to add comments!

Join Leimert Park Beat

Leimert Park Beat is the news and social network for Leimert Park and the surrounding neighborhoods. Stay informed. Join now!

 

• Got news you think everyone should know? Blog it.

• Have a show or attending a benefit? Put it on the calendar.
• Video of the big game? Embed it.
• Photos of your business or the school play? Upload them.

WHAT STORIES WOULD YOU SUGGEST? Let me know.

With your help, LeimertParkBeat.com raised money to hire reporters, graphic artists and community members to cover our area.
Read the stories - Urban Economy 411, Redevelopment Hell and One of these don't belong.

Latest Activity

SPMG Media posted a blog post

Singer/Songwriter Stacey Aasiya-Bey Music Video 'My Help' Receives Award

'My Help', a song written and performed by Stacey Aasiya-Bey and directed by D. Tina Batten and Sister Batten Productions, has been chosen as the Official Selection by the Christian Online Film Festival! LOS ANGELES - July 27, 2016 - PRLog -- 'My Help',…See More
2 hours ago
DojO- updated an event
Thumbnail

[New Location] THE World STAGE Saturday _]azz \/\/orkshop w/ Coordinator Billy McCoy ♪ July '16 at The World Stage - Art, Education & Performance Gallery "The heart of L.A.'s African-American cultural community." - L.A. Times

July 2, 2016 at 11am to July 30, 2016 at 2pm
The Jazz Workshop:Every Sat. 12:00 pm to 2:00 pmParticipants & good Patrons of the arts welcome...Current new Coordinator, Billy McCoy "lucky to have him" - Maestro, Charles Owens"Summertime" (X2) - Big Jay McNeelyTHE "New Renaissance" WORLD STAGE - Daylight Savings timez /…See More
9 hours ago
Profile IconLeimert Park Beat via Facebook
FacebookTuesday · Reply
DojO- promoted DojO-'s blog post 21st Annual CENTRAL AVE JAZZ FESTIVAL · July 30th-31st
Tuesday
DojO- commented on DojO-'s event [New Location] THE World STAGE Saturday _]azz \/\/orkshop w/ Coordinator Billy McCoy ♪ July '16
" Central Ave Jazz Festival 20th Anniversary Let’s get ready for JAZZ! SAVE the DATE!!  July 30-31  (click on embedded URLs highlighted)"
Tuesday
DojO- commented on DojO-'s blog post CENTRAL AVE JAZZ FESTIVAL · July 30th-31st
"(click on) embedded URL Let’s get ready for JAZZ! or http://www.centralavejazz.org/ Then proceed to Performances or http://www.centralavejazz.org/?page_id=136  -  O-!"
Tuesday
Sydney Chandler posted a photo
Monday
Sydney Chandler promoted Sydney Chandler's video
Monday
Sydney Chandler posted videos
Monday
Sydney Chandler posted an event
Thumbnail

"A Sickside Love Affair" at 333 Live

August 6, 2016 from 6pm to 11pm
On Saturday, August 6th we bring together three of the living legends of soul music, The Delfonics (Revue) Black Ivory and John Wilson’s Sly, Slick & Wicked from Cleveland, Ohio. With class soul spinners Mike Noriega (Noriega Records) and Rene Ruelas (South Central South), spinning some of the rarest soul vinyl. This memorable event will be hosted by radio host Cece The Mamacita of 93.5 KDAY. A VIP pre-event party will take place to meet and greet the artists. The event will cater to adult…See More
Monday
Sydney Chandler promoted Sydney Chandler's video
Monday
Sydney Chandler promoted Sydney Chandler's video
Monday
Sydney Chandler updated their profile
Monday
Del Spiva commented on DojO-'s blog post CENTRAL AVE JAZZ FESTIVAL · July 30th-31st
"Who's playing?"
Monday
DojO-'s blog post was featured
Monday
Bing Bing's blog post was featured
Monday
Profile IconSydney Chandler and Heru Iman joined Leimert Park Beat
Monday
DojO- commented on DojO-'s event [New Location] THE World STAGE Saturday _]azz \/\/orkshop w/ Coordinator Billy McCoy ♪ July '16
"[ATTENTION]  World Stage Sat. Jul. 23rd Scheduling - (as posted) Bobby West, Band Leader - piano · Reunion Trio w/ Christy Smith - bass & Fritz Wi$e - drums · 6 - 9 PM (Bobby West…"
Saturday
Bing Bing posted a blog post
Saturday
DojO- posted a blog post
Saturday

© 2016   Created by enhager.   Powered by

Badges  |  Report an Issue  |  Terms of Service