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Entries for 'Tom Yamachika'
Sunday, January 14, 2018 |
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Trump Tax: Will Hawaii Legislature Conform?
By Tom Yamachika @ 4:00 AM :: 4845 Views :: Taxes
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...If they don’t, it will be functionally the same as raising taxes....
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Sunday, January 7, 2018 |
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GEMS Takes One on the Chin from the PUC
By Tom Yamachika @ 4:00 AM :: 7353 Views :: Energy, Tax Credits, Taxes
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...the PUC has basically said that it expects the program to crash and burn....
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Sunday, December 31, 2017 |
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What’s a Carbon Tax?
By Tom Yamachika @ 4:00 AM :: 4188 Views :: Taxes
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...Recently, the Hawaii Tax Review Commission’s primary consultant, PFM Group, issued a final report to the Commission asking it to review many taxing alternatives, including a $360M per year “carbon tax” on Hawaii consumers....
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Sunday, December 24, 2017 |
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2018 Ballot: Constitutional Convention?
By Tom Yamachika @ 4:00 AM :: 4955 Views :: Hawaii State Government
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...The biggest exception to this gatekeeper rule is the constitutional convention, where the people elect delegates directly....
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Sunday, December 17, 2017 |
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Gamers of the World Unite: You have nothing to lose but your micro-transactions
By Tom Yamachika @ 12:17 PM :: 4318 Views :: Gambling
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...looking to introduce legislation to combat predatory practices by game publishers. He called Star Wars: Battlefront II, an “online casino...."
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Sunday, December 10, 2017 |
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Voluntary Additional Tax?
By Tom Yamachika @ 4:00 AM :: 4070 Views :: Taxes
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...This will give Warren Buffett et al a chance to “walk the walk” and pay millions more....
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Sunday, December 3, 2017 |
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The Tax Administration Slush Fund
By Tom Yamachika @ 4:01 AM :: 4563 Views :: Ethics, Taxes
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...the Tax Administration Special Fund is becoming an all-purpose slush fund for which corrective action is needed....
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Sunday, November 26, 2017 |
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DOTAX Litigation: Are Car Rentals “Tourism Related Services”?
By Tom Yamachika @ 4:01 AM :: 5275 Views :: Taxes, Tourism
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Should they re-evaluate their tax filings now that the Department’s litigation position is out in the public for all to see?
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Sunday, November 19, 2017 |
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DoTax: No End to Litigation, Part 2
By Tom Yamachika @ 4:00 AM :: 5253 Views :: Judiciary, Taxes
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...The Department apparently regards the taxpayers here as lower life forms and wants to give them no respect....
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Sunday, November 12, 2017 |
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Department of Taxation Customer Service – Don’t’ Be a Victim
By Tom Yamachika @ 4:01 AM :: 3778 Views :: Taxes
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“I object to the use of the word ‘customer.’ It certainly doesn’t feel like that type of relationship to me. Maybe ‘hostage’?”
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Sunday, November 5, 2017 |
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A DOTax Nightmare: No End to Litigation
By Tom Yamachika @ 4:01 AM :: 4139 Views :: Taxes
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Halloween may be over, but we still have lots of scary stories!
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Sunday, October 29, 2017 |
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Should Surfrider be Licensed to Pass Out Property Tax Exemptions?
By Tom Yamachika @ 5:01 AM :: 8238 Views :: Environment, Ethics, Small Business, Tax Credits
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...Recently, the Honolulu City Council approved on first reading Bill 80 (2017), which would award a real property tax exemption to “ocean-friendly restaurants.”...
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Sunday, October 22, 2017 |
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DoTax Leaves Fewer Callers in the Dust
By Tom Yamachika @ 5:00 AM :: 5734 Views :: Hawaii State Government, Hawaii Statistics, Taxes
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...Did DOTAX Turn the Corner on Customer Service?....
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Sunday, October 15, 2017 |
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Incentives for Retirement Savings
By Tom Yamachika @ 5:01 AM :: 4158 Views :: Taxes
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...During the past few months, the Tax Review Commission has been busy at work....
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Sunday, October 8, 2017 |
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If You're Still Paying Use Tax on Amazon Purchases--Stop
By Tom Yamachika @ 5:01 AM :: 5304 Views :: Taxes
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...those who buy things from Amazon and have been paying Use Tax can stop....
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Sunday, October 1, 2017 |
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Fritz v. Department of Taxation, and Why You Should Care
By Tom Yamachika @ 5:01 AM :: 4986 Views :: Ethics, Taxes
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Over the past several months, there has been a court fight brewing that could have changed how the Department of Taxation lobbies for legislation....
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Sunday, September 24, 2017 |
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Harbors Division Soaking the Taxpayer – Again and Again
By Tom Yamachika @ 5:01 AM :: 6643 Views :: Jones Act, OHA, Small Business
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...the Harbors Division isn’t satisfied with three years of triple-digit increases....
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Sunday, September 17, 2017 |
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Legislature with U R Missing
By Tom Yamachika @ 5:01 AM :: 4819 Views :: Ethics, Hawaii State Government
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...there is "supposed to be" opportunity for participation....
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Sunday, September 10, 2017 |
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Rail: Heads We Win, Tails You Lose
By Tom Yamachika @ 5:01 AM :: 6562 Views :: Rail, Taxes
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...The special session rail bill, SB 4, provides that if the Foundation wins and the State is ordered to refund money to the City, then the State will scoop the same amount of money from the City’s share of transient accommodations tax....
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Sunday, September 3, 2017 |
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Rail: I Dunno About TAT
By Tom Yamachika @ 5:01 AM :: 7018 Views :: Rail, Taxes, Tourism
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...The TAT, when it was enacted in 1986, was primarily meant to fund the Hawaii Convention Center....
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Sunday, August 27, 2017 |
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Honolulu: For 1000s Property Tax Rate Will Quadruple Sept 1
By Tom Yamachika @ 5:01 AM :: 7338 Views :: Honolulu County, Taxes
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...People who aren’t aware of what happened may find themselves with property tax bills many times what they are now....
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Sunday, August 20, 2017 |
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The Grand Skim of Things, Part 3
By Tom Yamachika @ 5:01 AM :: 5502 Views :: DHHL, Hawaii State Government
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...one State department that has funds with no exemption, and refuses to pay it: the Department of Hawaiian Home Lands (DHHL)....
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Sunday, August 13, 2017 |
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The Grand Skim of Things, Part 2
By Tom Yamachika @ 5:01 AM :: 4145 Views :: Hawaii State Government
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...the Central Services Skim has redirected about $45 million a year from the special funds to the state general fund....
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Sunday, August 6, 2017 |
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The Grand Skim of Things (Part 1)
By Tom Yamachika @ 5:01 AM :: 6662 Views :: Hawaii State Government, Rail, Taxes
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...A Hawaii law dating back to 1955, which now can be found at HRS section 36-27, says that 5% of any special fund’s income will be paid to the state general fund to pay “central service expenses....”
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Sunday, July 30, 2017 |
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No Hanahana -- Kaukau Anyway
By Tom Yamachika @ 5:01 AM :: 5704 Views :: Hawaii State Government, Taxes
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...if you don’t work, you don’t eat....
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Sunday, July 23, 2017 |
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EITC: Devil in the Details
By Tom Yamachika @ 5:01 AM :: 4169 Views :: Taxes
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On July 10, 2017, Governor Ige proudly signed House Bill 209, a bill that establishes a Hawaii earned income tax credit....
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Sunday, July 16, 2017 |
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How Rail Bonds Can Help Put Local Politicians in Jail
By Tom Yamachika @ 5:01 AM :: 5561 Views :: Ethics, Rail
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...City officials were accused of certifying financial statements in 2002 and 2003 that were false because they failed to disclose that the city was purposely underfunding....
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Sunday, July 9, 2017 |
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Mucking Around in the Past?
By Tom Yamachika @ 5:01 AM :: 4913 Views :: Ethics, Rail
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...HART stunned critics by cancelling a special audit that would have examined past cost overruns....
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Sunday, July 2, 2017 |
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Carving Up the Price of Car Rentals
By Tom Yamachika @ 5:01 AM :: 5322 Views :: Taxes, Tourism
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One of the legislative bills that is now being considered by Gov. David Ige is a curious bill, HB 735, involving the car rental industry....
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Sunday, June 25, 2017 |
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Anatomy of Epic Fail on Rail
By Tom Yamachika @ 5:01 AM :: 5338 Views :: Rail, Taxes
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To what or whom should we be looking for leadership to get us out of this mess?
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Sunday, June 18, 2017 |
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Closing an Estate Tax Loophole?
By Tom Yamachika @ 5:05 AM :: 4319 Views :: Taxes
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Sunday, June 11, 2017 |
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Reaching Back into the Past
By Tom Yamachika @ 12:01 AM :: 3501 Views :: Taxes
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...retroactive tax legislation....
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Sunday, June 4, 2017 |
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Human Casualties at the Legislature, Part 2
By Tom Yamachika @ 11:31 PM :: 7661 Views :: Energy, Ethics, Hawaii State Government
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...fifteen senators wanted to stick their thumbs in the Governor’s eye....
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Sunday, May 28, 2017 |
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Human Casualties at the Legislature
By Tom Yamachika @ 5:09 AM :: 5953 Views :: Ethics, Hawaii State Government
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...If there is a position taken by a committee chair on one bill or one issue that is not reflecting the wishes of the committee, why can't the committee simply reject the chair's recommendation?....
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Sunday, May 21, 2017 |
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GEMS: A Raid by Any Other Name…
By Tom Yamachika @ 5:01 AM :: 6680 Views :: Education K-12, Energy, Taxes
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GEMS, as a program, has been a miserable failure, resulting primarily in a large wad of cash that is just sitting in the bank. That’s why our legislature got the bright idea to “use” it to prop up another miserable failure – the “Cool the Schools” initiative....
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Sunday, May 14, 2017 |
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TrumpTax: Losing the State Tax Deduction
By Tom Yamachika @ 5:01 AM :: 3841 Views :: Taxes
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On April 26, the Trump Administration released a document that contained a roadmap of sorts for an overhaul of the federal tax code....
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Sunday, May 7, 2017 |
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The Rail Bill and Other Curiosities
By Tom Yamachika @ 5:01 AM :: 7751 Views :: Homelessness, Labor, Rail, Taxes
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...Shut up or we’ll make you pay for rail too....
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Sunday, April 30, 2017 |
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Making Money at the County Level
By Tom Yamachika @ 6:01 AM :: 4586 Views :: Taxes
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How does a county raise money?
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Sunday, April 23, 2017 |
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IRS: Hawaii Legislature Voted to Destroy Employee Retirement System
By Tom Yamachika @ 5:01 AM :: 10415 Views :: Maui County, Health Care, Labor, Taxes
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IRS Ruling: Act 1 Cash Payout to HGEA members would cost ERS its nonprofit status ....
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Sunday, April 16, 2017 |
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Tax Casualty? Maui County Carnival
By Tom Yamachika @ 5:01 AM :: 6698 Views :: Maui County, Jones Act, Taxes
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The 2nd Annual Maui County Carnival, scheduled for April 6-9, 2017, has been cancelled. Skyrocketing state government fees have been blamed....
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Sunday, April 9, 2017 |
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CreditAbles
By Tom Yamachika @ 4:01 AM :: 5252 Views :: Tax Credits, Taxes
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Terms being bandied about include exemptions, deductions, and tax credits, and among tax credits there are the “CreditAbles” – refundable, nonrefundable, and assignable credits.....
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Sunday, April 2, 2017 |
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Economic Nexus: Solving the Online Tax Dodge
By Tom Yamachika @ 5:01 AM :: 4020 Views :: Taxes
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...SB 620 would redefine how our general excise tax laws define “doing business”....
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Sunday, March 26, 2017 |
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Yes, Toto, Tourists Also Pay Real Property Tax
By Tom Yamachika @ 5:01 AM :: 6589 Views :: Education K-12, Labor, Taxes
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...this study appeared to be an outgrowth of a move by our teachers’ union....
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Sunday, March 19, 2017 |
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A Constitutional Amendment for Education Wars, Part 2
By Tom Yamachika @ 5:01 AM :: 5346 Views :: Education K-12, Taxes
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...two bills are moving through the legislature on this subject....
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Sunday, March 12, 2017 |
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A Constitutional Amendment for Education Wars
By Tom Yamachika @ 4:01 AM :: 6426 Views :: Education K-12, Labor, Taxes
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The "shall make sufficient sums available" language is used in one more place in our constitution. It's in Article XII, Section 1, relating to the Department of Hawaiian Home Lands....
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Sunday, March 5, 2017 |
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One Integrated Approach to Tax Fairness?
By Tom Yamachika @ 4:01 AM :: 3749 Views :: Taxes
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House Bill 1586 is a multi-faceted bill that seeks to change some of the characteristics of our tax system....
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Sunday, February 26, 2017 |
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Hawaii Legislature Obamacare Heavy
By Tom Yamachika @ 4:01 AM :: 5798 Views :: Health Care, Taxes
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...the amount of the penalty could be as much as $695 x 2 adults plus $695 x ½ x 3 kids = $2,432.50....
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Sunday, February 19, 2017 |
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The Need for Tax Vigilance in 2017
By Tom Yamachika @ 4:01 AM :: 4250 Views :: Taxes
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The sheer number of bills related to tax or public finance is staggering. It's much more frenetic this year than in any other year I've been in this position....
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Sunday, February 12, 2017 |
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UHERO Slams the Skim
By Tom Yamachika @ 4:01 AM :: 5722 Views :: Rail, Taxes
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...the State is making a ton of money off the skim....
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Sunday, February 5, 2017 |
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Unfunded Pensions – Tip of the Iceberg?
By Tom Yamachika @ 4:01 AM :: 6333 Views :: Hawaii State Government, Labor, Taxes
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Is a 7% return on investment sustainable into the future? Another organization that studied the issue said that a more realistic rate of return would be the “risk-free” rate, which they calculated at 2.344%....
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