“I’m moving out of state”: employees are trying to avoid California income tax

“I’m moving out of state”: employees are trying to avoid California income tax

The rich increasingly flock to these low-tax hideaways, and now some early executives at places like Airbnb and Uber are internally swapping notes with one another on ways to escape California and its strict capital gains taxes. Money managers, tax lawyers, and executives describe a dragnet: California tax collectors will review utility, credit card, cellphone, and even highway-toll collection and doctor’s records to try and determine where someone actually lives, even if they claim to be domiciled in a haven like Austin, Texas, or Miami, Florida. Several early executives at Uber and Airbnb say that after years of being hounded by wealth managers from places like Goldman Sachs, they and their networks of former colleagues are staring down decisions about how to keep their money once shares can be sold on the public markets.

Source: www.recode.net