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For the purpose of this bill, how is "tech company" defined?
by protomyth 10y ago
For the purpose of this bill, how is "tech company" defined?
- Hydraulix989 10y agoI was thinking the same thing. Is Uber a taxi company or a "tech company"? Is Airbnb a lodging company or a "tech company"? Don't all companies nowadays involve some sort of "technology"?
- protomyth 10y agoIt got answered in the article for the follow-up thread https://news.ycombinator.com/item?id=12003570 https://news.ycombinator.com/item?id=12003570 "The measure identifies tech companies by the type of tax code they use under the Internal Revenue Service’s North American Industry Classification System. Companies classify themselves. They may face penalties if a government audit finds they are misidentifying themselves."
- jonathankoren 10y agoProbably isn't "tech company" at all. Twitter's payroll tax break which this would resend is actually for companies in Mid-Market, which are the big tech companies. It's not really different than NYC giving a tax break to investment banks by defining the tax break as being "a Lower Manhattan Wall Street address." http://www.sfgate.com/business/article/Companies-avoid-34M-in-city-taxes-thanks-to-6578396.php http://www.sfgate.com/business/article/Companies-avoid-34M-i...
- protomyth 10y agoI'd have thought the same thing, but it looks like they went with their IRS designation. Odd choice, really.