Breaking News

Tom Yamachika

Tom Yamachika
Tom Yamachika is the President of the Tax Foundation of Hawaii, a private, nonprofit educational organization dedicated to informing the taxpaying public about the finances of our state and local governments in Hawaii. Tom is also a tax attorney in solo practice and has been since early 2013. Prior to 2013, he was with the accounting firm Accuity LLP, which was formed in 2006 from the Honolulu office of Coopers & Lybrand (which later became PricewaterhouseCoopers). Before that, he served as an Administrative Rules Specialist in the State of Hawaii Department of Taxation from 1994 to 1996, where he drafted rules, interpretive releases, and legislation on several different state taxes. Prior to that, he practiced litigation and tax law with Cades Schutte Fleming & Wright in Honolulu.

TAXWatch: Pitfalls of the Subcontractor Deduction

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. This week we’ll look at another general excise tax exemption that the State Auditor has put under the microscope in Report No. 20-05. It affects the construction industry, and the price tag the Auditor put on it, based on 2018 …

Read More »

TAXWatch: The Giant Sucking Sound

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. Y ou may remember back in the 1992 U.S. Presidential campaign, independent businessman and candidate Ross Perot argued, on live TV:  “We have got to stop sending jobs overseas. It’s pretty simple: If … you can move your factory …

Read More »

TAXWatch: Is Our GET Too Soft on Sales to the Feds?

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. Our Legislature will be reopening soon, and some lawmakers are undoubtedly thinking of ways to make our budget balance because the grim reality is that much of our economic engine has ground to a halt and is no longer spinning out …

Read More »

TAXWatch: Federal COVID Money

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. T his week our Legislature will be recessing after working on one of its important tasks:  figuring out how to spend $1 billion of federal money that is being made available to Hawaii under the CARES Act. This federal …

Read More »

TAXWatch: Government in the Darkness

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. P reviously in this space, we spoke of various laws that were suspended by the Governor’s emergency proclamations.  In a press release on March 17, 2020, entitled “Democracy Still Matters in Time of Pandemic,” the watchdog group Common Cause …

Read More »

TAXWatch: Crossing the Rubicon Into Tax Suspension

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. I n an article in this space just a couple of weeks ago, we growled and grumbled about the possibility that our Governor, having already suspended laws and chapters in the Hawaii Revised Statutes in a listing seventeen pages …

Read More »

TAXWatch: Do Laws Still Apply?

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. H ere we are, still amid the COVID-19 emergency, and there appears to be some confusion over what laws still apply.  The Governor and Mayors have put out orders using emergency authority, and the Governor has suspended many laws. …

Read More »

TAXWatch: Can the Governor Raise Taxes Now?

The opinions and information expressed in the Community Viewpoint are solely those of the authors and not the MAUIWatch Community Network. “Governor Ige has emergency powers,” one alert reader said.  “Can he raise our taxes by himself?” The answer appears to be “no, but.” The Governor’s emergency powers relating to enforcement of existing laws are in Hawaii Revised Statutes chapter …

Read More »

TAXWatch: Taxing Medical Practice to Death

The opinions, beliefs, and viewpoints expressed by the various authors on this web site do not necessarily reflect the opinions, beliefs, and viewpoints of the MAUIWatch Community Network B y now everyone knows that we’re in a state of emergency.  There’s a virus spreading through the population and killing people.  There’s no vaccine, and no confirmed effective therapy such as …

Read More »

TAXWatch: And We Aren’t Moving People Around Because?

O n March 5, our Governor issued a Proclamation declaring our current state of emergency.  The proclamation suspends several laws, including chapters 89 and 89C, HRS, relating to collective bargaining and public officers and employees excluded from collective bargaining, to the extent necessary to, among other things, “provide for the interchange of personnel, by detail, transfer, or otherwise, between agencies …

Read More »