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Blue Shield Fighting to Keep State Tax Exemption
KFBK

Word from Blue Shield is that they are fighting a state decision that eliminated the health insurance provider’s state tax exemption.

The California Franchise Tax Board’s decision is expected to cost Blue Shield millions of dollars in taxes going forward, plus the LA Times reports back taxes will be owed for the past two years. The not-for-profit company reportedly has accumulated $4 billion in reserves.

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