Move ahead with care on tax relief
Legislators must ensure that the relief package makes the most of state resources, finding the right balance of lower taxes and the services that Hawaiʻi’s people need most.
Want to give our kids a future? Change the way we tax wealth
Enhanced revenue should come from those who can afford to pay more including large corporations and out-of-state investors.
A ‘wealth asset tax’ on Hawaiʻi’s richest residents advances in the legislature
The new tax would apply to people with a net worth of more than $20 million.
A national wealth tax has gone nowhere. Now some states want to tax the ultra-rich
Each state has its own approach for taxing the rich, but typically the strategies include taxing assets as well as lowering the threshold for estate taxes.
New taxes, tourism funding cuts among bills pushed through as legislature winds down
Lawmakers agreed on a number of measures Thursday that need full House and Senate approval and then Gov. David Ige’s signature.
Lawmakers should pass tax bills to fix our upside-down tax system
Minimum wage earners should not be paying a higher percentage in taxes than those at the top.
Dark clouds are looming over Hawaiʻi even as the economy appears to be improving
Economic experts say many people are worse off than they were before the pandemic and a lower unemployment rate is simply masking deeper problems.
Senate panel approves increases in Hawaiʻi estate, conveyance taxes
The measure would also suspend some excise tax exemptions for various industries to generate extra tax revenue.
Bill exempting jobless benefits from state taxes hits a snag
More than 580,000 Hawaiʻi workers filed unemployment claims last year, according to the governor’s office.
Tax form change would clarify amount of REIT deductions
As Hawaiʻi faces major budget shortfalls this year and several years to come, it is imperative that all corporations provide accurate reporting of its assets and revenues generated.
To invest in its future, Hawaiʻi needs to raise taxes now
Kicking the can down the road further burdens the taxpayers of tomorrow.
Senate’s tax fairness bill is good for Hawaiʻi—here’s why
Senate Bill 56 accomplishes what most of us would like our tax system to do: It assesses a greater contribution to the public good from those who can afford it.
Raising taxes on rich would boost consumers
To save businesses like Love’s, we need to shift tax burden away from consumers who drive commerce, to those who earn so much they save a lot.
Require REITs to disclose assets and revenues
So long as these trusts aren’t paying corporate income taxes, they aren’t paying their fair share of taxes.
Here’s how tax increases are shaking out in the Hawaiʻi legislature
Senators moved to raise income taxes on high earners, and the House passed capital gains and inheritance tax increases.
Reform tax system for common good
At this critical time, we must do all we can to ensure our social services providers can keep their doors open and serve those with the greatest need.
Don’t hurt vulnerable families; make taxes more equitable
There’s a better solution than depriving vulnerable people of the services they desperately need: Raise needed revenue by taxing the wealthy who have not faced the grim financial consequences of the pandemic.
REITs should pay taxes like rest of us
This is the year for our legislature and governor to come together to do what’s best for the state: Make REITs pay state corporate income taxes.