(no subject)
Jul. 11th, 2001 04:01 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
autographedcathttp://www.latimes.com/news/local/state/la-000056553jul10.story?coll=la%2Dnews%2Ds
Now here's a fun can of worms. You own a satellite, which is in orbit. It's out somewhere over the equator somewhere, and nowhere near where you actually have your business offices located. But the country decided that hey, you're here, and it's worth X million dollars, so let's charge property taxes on it as if it were here where your office is.
I'm not sure what to think of this. What happens when a company has multiple headquarters? Who's liable for the tax then? If I have an office in Gwinnett Co and another in Fulton, I don't owe Gwinnett Co. property taxes on my office in Fulton. So it seems to me that the taxes on the satellite are owned to whoever has jurisdiction over County Space.
But hey, anything for an extra buck.
Now here's a fun can of worms. You own a satellite, which is in orbit. It's out somewhere over the equator somewhere, and nowhere near where you actually have your business offices located. But the country decided that hey, you're here, and it's worth X million dollars, so let's charge property taxes on it as if it were here where your office is.
I'm not sure what to think of this. What happens when a company has multiple headquarters? Who's liable for the tax then? If I have an office in Gwinnett Co and another in Fulton, I don't owe Gwinnett Co. property taxes on my office in Fulton. So it seems to me that the taxes on the satellite are owned to whoever has jurisdiction over County Space.
But hey, anything for an extra buck.
