SAN FRANCISCO - "No taxation on income or we go." It 'did deliver the message from Twitter to the City Council of San Francisco. As the world welcomes the return of founder Jack Dorsey at the helm, the rebellion of Twitter as a bomb explodes in Silicon Vallery California. A pretty tough nuts to crack for Frisco, and surrounding cities (San Mateo, Burlingame, Foster City, Redwood City) is already rubbing their hands.
Also because migration to the sunny shores of the "South Bay" does not only involve Twitter, after all that has very few employees - all no more than a couple of hundred - but of all the new startups before the Great Recession Silicon Valley had abandoned in favor of cheaper rents in the city of Lawrence Ferlinghetti, North Beach and the crooked street.
And yes, because they were inspired by Twitter's other emerging giant of social networking sites such as Yelp and commercial background in Zynga - to name but a few - have also threatened them to leave the city immediately if you do not get adequate tax advantages. To prevent the demise of Twitter, the municipality of San Francisco was originally sold by expressing its readiness to consider the request of the Internet company.
Then, pursued by other companies, had retracted his statement and said he had prepared to remove unless the tax on wages - the pay-roll tax - at least on the annual dividend, a heavy tax of 1, 5 per cent and that Yelp for example in the case of more than 10 million dollars a year. The proposal, drafted in haste by Ross Green Mirikami - representative of the soul ecologist and anti-accountant of the city - should be adopted in those days.
But despite having received the approval of all parties involved, has done nothing but aggravate the problem. Now want to cut all the companies are based in the city, not just those in the "new economy". A totally unexpected development that has revived strongly with the problem of costs that companies are forced to support for doing business in California and in particular the attitude often considered anti-business adopted by the directors of Frisco.
Recently, for example, the municipality had imposed the California telecommunications companies to disclose to the public the level of radiation from their handsets. The dispute ended in court and so it will probably the last word on the Constitutional Court of the state. "We must create solutions that foster long-term stay in the city of big companies," said Mark Farrell, another commissioner, who with the mayor pro-tempore of the city, the Asian David Chu, proposes to eliminate for six years payroll taxes is that those dividends.
But with one condition: that companies that receive tax exemptions are committed to relocate to another area of the city, the Tenderloin District. Located close to the big city hotels and the financial district, the Tenderloin is the most infamous San Francisco. The tens of millions of dollars that companies like Zynga and Second Life spend each year in the city could be used to heal wounds at last a major urban city.
One of the last vestiges of the Great Earthquake and the beginning of the twentieth century which Frisco would rather avoid.
Also because migration to the sunny shores of the "South Bay" does not only involve Twitter, after all that has very few employees - all no more than a couple of hundred - but of all the new startups before the Great Recession Silicon Valley had abandoned in favor of cheaper rents in the city of Lawrence Ferlinghetti, North Beach and the crooked street.
And yes, because they were inspired by Twitter's other emerging giant of social networking sites such as Yelp and commercial background in Zynga - to name but a few - have also threatened them to leave the city immediately if you do not get adequate tax advantages. To prevent the demise of Twitter, the municipality of San Francisco was originally sold by expressing its readiness to consider the request of the Internet company.
Then, pursued by other companies, had retracted his statement and said he had prepared to remove unless the tax on wages - the pay-roll tax - at least on the annual dividend, a heavy tax of 1, 5 per cent and that Yelp for example in the case of more than 10 million dollars a year. The proposal, drafted in haste by Ross Green Mirikami - representative of the soul ecologist and anti-accountant of the city - should be adopted in those days.
But despite having received the approval of all parties involved, has done nothing but aggravate the problem. Now want to cut all the companies are based in the city, not just those in the "new economy". A totally unexpected development that has revived strongly with the problem of costs that companies are forced to support for doing business in California and in particular the attitude often considered anti-business adopted by the directors of Frisco.
Recently, for example, the municipality had imposed the California telecommunications companies to disclose to the public the level of radiation from their handsets. The dispute ended in court and so it will probably the last word on the Constitutional Court of the state. "We must create solutions that foster long-term stay in the city of big companies," said Mark Farrell, another commissioner, who with the mayor pro-tempore of the city, the Asian David Chu, proposes to eliminate for six years payroll taxes is that those dividends.
But with one condition: that companies that receive tax exemptions are committed to relocate to another area of the city, the Tenderloin District. Located close to the big city hotels and the financial district, the Tenderloin is the most infamous San Francisco. The tens of millions of dollars that companies like Zynga and Second Life spend each year in the city could be used to heal wounds at last a major urban city.
One of the last vestiges of the Great Earthquake and the beginning of the twentieth century which Frisco would rather avoid.
No comments:
Post a Comment