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Los Angeles plans to tax property in space

发布时间:2019-03-06 01:18:01来源:未知点击:

By Emma Young Satellites orbiting thousands of kilometres above Earth can be classified as movable personal property and therefore be subject to property tax, say Los Angeles county officials. Hughes Electronics, based in El Segundo, owns satellites each worth up to $100 million. A routine audit of the company’s property by county assessors sparked the taxation idea, according to the Los Angeles Times. Local lawyers have advised the assessors that taxing these satellites as “movable personal property”, in the same category as boats, construction equipment and even ice skating costumes, would be legal. “It happens with lots of other property. The difference with the satellites, obviously, is that they’re pretty far removed from Earth,” said Los Angeles County Assessor Rick Auerbach. But Hughes’s lawyers are arguing that since the satellites are geostationary, they are not strictly “movable”. “Geostationary objects sit above the equator in a fixed position; they do not rotate around the Earth. So the satellites we’re talking about here are not movable property,” said Larry Hoenig, who is representing Hughes Electronics. Auerbach is currently focusing on eight satellites owned by the company between 1991 and 1994. But if the taxation is eventually allowed,