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The law has you pay taxes of 1% of gross revenue * percentage of global employees working in an SF office. Even if the headquarters moved (and I'd guess it is a
by Gasparila 7y ago
The law has you pay taxes of 1% of gross revenue * percentage of global employees working in an SF office. Even if the headquarters moved (and I'd guess it is already a Delaware registered company legally), they'd still have to pay.
- ThrustVectoring 7y agoWouldn't this allow another tax dodge, where hiring employees to do nothing in the lowest-cost area you can find winds up saving more money in SF gross receipts taxes than they cost in salary? For example, if you have $10M/yr in tax incidence and 100 employees all in SF, you could have an on-paper workforce of 1000 Nigerians at the national median wage of roughly $1k/yr, saving $9M/yr in taxes.
- nullc 7y agoIt's based on payroll cost (including non-cash compensation), not headcount.