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Thumbing Our Nose at the Feds

Those of you who have been following the saga of Honolulu rail know that the Honolulu City Council is considering an ordinance to extend the rail tax. Although the state Legislature passed and Governor Ige signed a law authorizing a five-year extension, the state law doesn’t extend the rail surcharge

Read More →

The Shaky Future of Bonus Depreciation

At about this time of year over the last few years, Congress debates the future of the “tax extenders” bill, which deals with fifty or so tax provisions that are set to expire. Typically, they get renewed for a year or two and are then looked at again making them

Read More →

Ten Milllion Words and Counting

Okay, folks, you and I know that the tax system we have in this country is pretty complicated. But did you know that the complexity has been expanding over the years so that the federal law and regulations are now over ten million words? Research at the national Tax Foundation

Read More →

Taxpayers also on the Hook for VW Diesel Dupe

On September 18, 2015, the U.S. Environmental Protection Agency accused Volkswagen Group (VW) of violating the Clean Air Act. Some of its diesel vehicles from model year 2009 were programmed to figure out when they were being emissions tested in a laboratory, and went into a kind of “safe mode”

Read More →

Ways to Own a Utility

These days, with the state Public Utilities Commission (PUC) focusing on the proposed merger of HEI with NextEra Energy, a number of politicians have thrown out alternative ownership models for the transaction. We’ll talk about some of them and how they have fared in our history. One way to run

Read More →

Captive Insurance: The Clean Version

This year, the IRS has added a new item to its “Dirty Dozen,” a list of tax scams that the agency is on the watch for. The item is “Captive Insurance,” a topic that is near and dear to Hawaii. Businesses can protect themselves against risks by buying insurance. Usually

Read More →

Credits: Heads They Win, Tails You Lose

One provision in the Hawaii net income tax system that continues to cause angst and frustration among major corporations and ordinary taxpayers alike is our “twelve-month rule.”  Almost all of the tax credits that can be claimed in Hawaii are subject to this rule.  It says that the credit must

Read More →

What Should We Be Asking of the HECO Merger?

Recently, following Governor Ige’s announcement of opposition to the Hawaiian Electric – NextEra Energy acquisition in its current form, the Hawaii Consumer Advocate, in written testimony before the Public Utilities Commission, generally opposed the deal but proposed that 47 conditions be tacked on in exchange for PUC approval. Because we

Read More →

Relativity Media: E + MC = 0

The formula in today’s title is not related to Einstein’s famous theory. Rather, it’s the story of an Existing business, always needing more cash (or more tax credits) and it now finds itself with zero and it’s in bankruptcy. You may remember Relativity Media from its efforts at the Hawaii

Read More →

Thumbing Our Nose at the Feds

Those of you who have been following the saga of Honolulu rail know that the Honolulu City Council is considering an ordinance to extend the rail tax. Although the state Legislature passed and Governor Ige signed a law authorizing a five-year extension, the state law doesn’t extend the rail surcharge

Read More →

The Shaky Future of Bonus Depreciation

At about this time of year over the last few years, Congress debates the future of the “tax extenders” bill, which deals with fifty or so tax provisions that are set to expire. Typically, they get renewed for a year or two and are then looked at again making them

Read More →

Ten Milllion Words and Counting

Okay, folks, you and I know that the tax system we have in this country is pretty complicated. But did you know that the complexity has been expanding over the years so that the federal law and regulations are now over ten million words? Research at the national Tax Foundation

Read More →

Taxpayers also on the Hook for VW Diesel Dupe

On September 18, 2015, the U.S. Environmental Protection Agency accused Volkswagen Group (VW) of violating the Clean Air Act. Some of its diesel vehicles from model year 2009 were programmed to figure out when they were being emissions tested in a laboratory, and went into a kind of “safe mode”

Read More →

Ways to Own a Utility

These days, with the state Public Utilities Commission (PUC) focusing on the proposed merger of HEI with NextEra Energy, a number of politicians have thrown out alternative ownership models for the transaction. We’ll talk about some of them and how they have fared in our history. One way to run

Read More →

Captive Insurance: The Clean Version

This year, the IRS has added a new item to its “Dirty Dozen,” a list of tax scams that the agency is on the watch for. The item is “Captive Insurance,” a topic that is near and dear to Hawaii. Businesses can protect themselves against risks by buying insurance. Usually

Read More →

Credits: Heads They Win, Tails You Lose

One provision in the Hawaii net income tax system that continues to cause angst and frustration among major corporations and ordinary taxpayers alike is our “twelve-month rule.”  Almost all of the tax credits that can be claimed in Hawaii are subject to this rule.  It says that the credit must

Read More →

What Should We Be Asking of the HECO Merger?

Recently, following Governor Ige’s announcement of opposition to the Hawaiian Electric – NextEra Energy acquisition in its current form, the Hawaii Consumer Advocate, in written testimony before the Public Utilities Commission, generally opposed the deal but proposed that 47 conditions be tacked on in exchange for PUC approval. Because we

Read More →

Relativity Media: E + MC = 0

The formula in today’s title is not related to Einstein’s famous theory. Rather, it’s the story of an Existing business, always needing more cash (or more tax credits) and it now finds itself with zero and it’s in bankruptcy. You may remember Relativity Media from its efforts at the Hawaii

Read More →