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Actually it is in San Mateo county. Wikipedia: "the airport is owned and operated by the City and County of San Francisco, despite it being located in San Mateo County."
Pretty sure that was covered by the 'technically' part
These days I was thinking about San Francisco and wondering how it had come to that. There’s so much demand, so many people want to move to SF, yet its population has barely moved in the last decade. Why is that? If anything had gone right, SF should be a HK-like dystopian city filled with electronics and high-tech. But instead we have a horizontally limited place, that is filled with homeless and restricts new advan…
It would be PR suicide for a company to admit that the increased tax to fund homlessness was a major factor for the move. To accounting though a tax is a tax.
As someone who has worked in South SF for years, it is pretty bad for employees. It is a cultural wasteland with few restaurants or interesting things to do. Transit is also poor as both BART and Caltrain are in awkward locations. And the fog is worse. This will be like Uber’s move to Oakland, which got rolled back pretty quickly
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The feel of San Francisco is already lost, when a small single apartment runs $3000 a month.
And homeless are everywhere.
> And homeless are everywhere.
Maybe a $3k per month "small single apartment" contributes to "homeless are everywhere."
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No, it's a very good move as many digital economy businesses are great at creative accounting making their net receipts look ridiculously small or negative.
And what about companies whose net receipts are actually small?
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This is surely exaggerated right ? I know CEOs of large startups who live in mansions in Woodside, Berkeley, Mill Valley etc
I'm sure there are "startup CEOs" in that situation. I doubt there are many whose firms have office space and employees. In my experience, the serial startup execs mostly don't live in the city. In the 90s, I knew several who also had an apartment near the office, but that's much less common now that the sort of place they'd want is going for $8K/mo.
For those down voting please explain why anyone would want to live in sv. Its A shit hole with bad weather and traffic. You can live outside of the bubble
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Actually it is in San Mateo county. Wikipedia: "the airport is owned and operated by the City and County of San Francisco, despite it being located in San Mateo County."
Pretty sure that was covered by the 'technically' part
Articles misses that this is in response to SF's gross receipts tax. Payment processing is an ultra low margin business, no way they can compete while paying ~1% of revenues to the city.
What are you talking about? It specifically talks about it and even provides 2 quotes with contradicting points of view: “Alex Tourk, spokesman for sf.citi, a tech business group, said San Francisco needs to consider changes to its business taxes. The city is currently reviewing the tax system, which brings in a total of $1 billion annually. But those taxes could climb higher under the revised system. “Unfortunately,…
Said nobody involved with any big business. Amazon in New York, Apple’s avoidance of repatriating cash, etc. Taxes have a massive impact on business decisions all of the time.
This kind of ignorant thinking is what destroyed the yacht manufacturing industry in the US. “Oh, what difference can a small tax make? Whoops, doesn’t matter because I’m a politician and I’m immune to consequences.”
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And what about companies whose net receipts are actually small?
I think the current binary law (either gross revenue or net receipts for everybody) is flawed. We have to acknowledge different kind of companies exist. One method of taxation cannot be applied to all. Specifically if you engage in activity like trade and your margins are low, gross revenue taxation is clearly unfair. But devising a balanced and bulletproof taxation system that would protect honest companies while pr…