Category Archives: Nevada

$396.08 Million…and the Meter Is Still Running

Posted on August 17, 2008 by Russ

A Las Vegas jury told California’s Franchise Tax Board in no uncertain terms that the FTB’s conduct towards Gilbert Hyatt was reprehensible. I had speculated that the jury would award Mr. Hyatt $250 million in punitive damages; that was exactly … Continue reading →

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$146.88 Million and Counting

Posted on August 11, 2008 by Russ

Back in October 1991 Gilbert Hyatt moved from California to Nevada. California’s Franchise Tax Board didn’t think he did, so they commenced a residency audit. California determined that Mr. Hyatt didn’t establish residency in Nevada until April 1992. Normally, six … Continue reading →

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Where did the “Prima Donna” Dock?

Posted on June 4, 2008 by Russ

If you’ve ever driven from Southern California to Las Vegas, the first exit on Interstate-15 when you cross into Nevada is for Primm, site of three casinos. These casinos used to be owned by the Primm family but were sold … Continue reading →

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Democrats Unhappy With Nevada Advertisements

Posted on March 30, 2008 by Russ

Earlier this week I posted an advertisement from the Nevada Development Authority. The Los Angeles Times had an article today noting that Democrats in Sacramento are unhappy with the advertisements that portray California as a tax-happy state. Of course, Democrats … Continue reading →

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Sometimes There Really Is A Free Lunch

Posted on March 28, 2008 by Russ

Nevada’s constitution exempts food for human consumption. The Nevada Department of Taxation believed that Use Tax was owed on meals that were given out free of charge (either to employees or as complimentary meals to patrons); the Nugget Hotel in … Continue reading →

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The Nevada Development Authority Strikes Again

Posted on March 25, 2008 by Russ

With California having a $16 billion deficit, and the Democrats in California’s Legislature saying that the only solution to the problem is to increase taxes, it was only a matter of time until the Nevada Development Authority struck. Here’s their … Continue reading →

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The Gilbert Hyatt Case Inches Forward

Posted on March 3, 2008 by Russ

Remember Gilbert Hyatt? Mr. Hyatt is the inventor who fled the Bronze Golden State seeking lower taxes. He filed a lawsuit against the Franchise Tax Board alleging that the FTB “…directed “numerous and continuous contacts … at Nevada” and committed … Continue reading →

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States of Opportunity

Posted on February 17, 2008 by Russ

Last Tuesday, the Wall Street Journal ran an excellent editorial titled “States of Opportunity.” “But one reason to conclude that taxes are also a motivator is because the eight states without an income tax are stealing talent from other states. … Continue reading →

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Why California Businesses Keep Moving to Nevada

Posted on October 11, 2007 by Russ

In news that won’t shock anyone who does business in California, the Bronze Golden State now ranks 47th out of 50 states in a business tax climate survey done by the Tax Foundation. Meanwhile, Nevada ranks 3rd in the Nation. … Continue reading →

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California Fights Back Against Nevada; Will It Matter?

Posted on July 14, 2006 by Russ

According to this news story, California will soon unveil a $600,000 ad campaign to fight back at Nevada’s attempt to lure California businesses. California, according to the new ads, is, “…the place where the smartest companies are located.” While this … Continue reading →

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