“Ladies and gentlemen, children of all ages, welcome to the greatest show on earth! What you are going to see today is stupendous! It’s astounding! It’s historic! The circus is about to begin!”
Honolulu, just like most of the other neighbor island counties, has passed a 3% addition to the Transient Accommodations Tax (TAT).
Several times in this space, we have discussed the Governor’s emergency powers. Our laws (chapter 127A, HRS) give the Governor broad powers to deal with emergencies.
The Honolulu City Council wants to raise money for the Honolulu Police Department by adding a surcharge to traffic fines. As KHON2 reports, they say that the money can and should be used to recruit, retain, and equip police officers. It’s definitely a creative idea to raise additional revenue without hiking the property tax.
What do you think of when you hear the name “Nebraska”? Steaks? Corn? Warren Buffett?
Occasionally, all of us wonder what it’s like to be rich and famous, or at least act like it. “Those people,” you might think, “have at their disposal so many ways to flummox the tax authorities if they want to. Panamanian bearer shares corporations. Dutch sandwiches. Entities from the Isle of Man, the Caymans, or Bermuda perhaps.”
Over the past 10 or so years that I have been in the seat, I have seen legislature after legislature consider many, many bills to increase taxes. Every year. Without fail. At the Foundation, we keep a list of the tax bills that are introduced and that get at least one hearing.