New tax has beverly Hills' cosmetic surgeons up in arms
For decades, Beverly Hills' 2,400 doctors have taken advantage of a much lower tax rate than other commercial enterprises. That economic incentive along with access to a rich, image-obsessed clientele has given rise to a cosmetic surgery cluster, the Wall Street Journal reports. Now the city wants to significantly raise its tax rates for doctors, but the surgeons are fighting back using both sticks and carrots. While threatening lawsuits and mass exoduses, they're arguing they are an economic net good because they attract wealthy individuals from around the world to Beverly Hills for surgery. The city is sclaing back its plans, and hopes to reach a compromise by the end of the year. GEO
2025 HCTRA financial statement: $399 million diverted out, second highest
ever
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Another excellent but sad guest post from Oscar Slotboom documenting the
outrageous looting of HCTRA 😡 Let's hope the next County Judge can turn it
around...
1 week ago
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