GPCA endordes AB 1790

May 4, 2026 - GPCA Endorses the Proposed Repeal of the Water's Edge Tax Election (AB 1790).

California was rigged in the 1980s to allow multinational corporations, including fossil fuel companies, that do business and earn profits in California, to avoid paying taxes on their profits.
Here's how we can UnRig California!

AB 1790, endorsed by GPCA, will repeal the scheme, known as "Water's Edge" because it allows corporations to hide profits offshore. A January 2025 Policy Brief from the Climate Center lays it all out.

The fossil fuel companies alone avoid paying about $150 million/year. The total avoided tax of all multinationals that should be in the CA budget to help pay for essential social and environmental needs adds up to $3 to $4 billion per year. AB 1790 is part of a larger campaign targeting all these multinationals called UnRig California.

A 2015 U.S. Senate special investigation found that by offshoring profits Chevron had $31 billion in UNTAXED profits through subsidiaries in 13 different tax haven countries. Estimates show such income shifting schemes results in $300 billions in profits being removed fro the U.S. tax base annually.

Urge your California Assembly Member to support AB 1790 and repeal this costly tax evasion scheme.
Identify your State Assembly Representative HERE, then contact them and urge their support.