2004-05 Budget Perspectives and Issues: The Problem of Abusive Tax Shelters

(This ATS is now an IRS "listed transaction, " and thus prohibited.) Corporation Tax ATS: Commercial Domicile. This ATS typically involves incorporating a business in a state without an income tax (for example, Nevada or New Hampshire).
https://lao.ca.gov/analysis_2004/2004_pandi/pi_part_5f_taxshelters_anl04.htm

Abusive Tax Shelters: Impact of Recent California Legislation

Description of California’s ATS legislation. Participation in California’s VCI. Revenue impacts of California’s VCI and other ATS measures. Issues raised by the ATS legislation and potential follow-up steps.
https://lao.ca.gov/2006/abusive_tax_shelters/abusive_tax_shelters_012706.htm

Abusive Tax Shelters: Impact of Recent California Legislation [Publication Details]

Jan 27, 2006 - Given this, it will be important that the Legislature stay on top of the ATS situation. As one approach to accomplishing this, it may want to periodically review FTB’s ATS-related activities, including how well it is allocating its budgeted resources to get the best return on ATS activities and informing the Legislature about programmatic changes that will help address the ATS problem.
https://lao.ca.gov/Publications/Detail/1373

^[PDF] Abusive Tax Shelters: Impact of Recent California Legislation

This activity is now an IRS “listed transaction” (see later box) and thus is a prohibited ATS. • Corporation Tax ATS: Commercial Domicile. This ATS typically involves incorporating a business in a state without an income tax (for example, Nevada or New Hampshire).
https://lao.ca.gov/2006/abusive_tax_shelters/abusive_tax_shelters_012706.pdf

The Problem of Abusive Tax Shelters [Publication Details]

Feb 18, 2004 - This discussion provides an overview of the ATS phenomenon, addresses the impacts of such shelters on the state, and suggests measures the Legislature may want to consider to address the ATS problem.
https://lao.ca.gov/Publications/Detail/1097

LAO Economy and Taxes

Given this, it will be important that the Legislature stay on top of the ATS situation. As one approach to accomplishing this, it may want to periodically review FTB’s ATS-related activities, including how well it is allocating its budgeted resources to get the best return on ATS activities and informing the Legislature about programmatic changes that will help address the ATS problem.
https://lao.ca.gov/Policy-Areas?areaId=8&category=0&year=0&page=14

LAO Economy and Taxes

This discussion provides an overview of the ATS phenomenon, addresses the impacts of such shelters on the state, and suggests measures the Legislature may want to consider to address the ATS problem.
https://lao.ca.gov/Policy-Areas?areaId=8&category=0&year=0&page=15

LAO 2007 Budget Analysis: Franchise Tax Board (1730)

The VCI was implemented to provide taxpayers who participated in an ATS an opportunity to voluntarily amend their tax returns before harsher penalties became effective. To support the VCI, seven legal positions were dedicated to the department’s ATS task force.
https://lao.ca.gov/analysis_2007/general_govt/gen_10_1730_anl07.aspx

LAO 2006 Budget Analysis: Office of Emergency Services (0690)

(Reduce Item 0690-002-0001 by $300,000, Ite m 0690-002-0425 by $94,000, Item 0690-102-0001 by $5.7 million , and Item 0690-102-0425 by $1 million.) Sexual Assault Felony Enforcement Teams. The Governor’s budget proposes $6 million in General Fund support for Sexual Assault Felony Enforcement (SAFE) teams.
https://lao.ca.gov/analysis_2006/general_govt/gen_04_0690_anl06.html

LAO Publications

Given this, it will be important that the Legislature stay on top of the ATS situation. As one appro ach to accomplishing this, it may want to periodically review FTB’s ATS-related activities, including how well it is allocating its budgeted resources to get the best return on ATS activities and informing the Legislature about programmatic changes that will help address the ATS problem.
https://lao.ca.gov/Publications?page=38&year=0&productid=7&categoryid=0