3 ms·

I believe it is gross receipts within the City. The impact is surely negligible

• nrp 7y ago
  San Francisco has probably the most complex payroll and gross receipts tax system of any city in the world. The calculator you're supposed to use is: https://sftreasurer.org/sites/default/files/2019-08/BT_2019%20GRT%20COMPUTATION%20WORKSHEET_07.01.19.pdf https://sftreasurer.org/sites/default/files/2019-08/BT_2019%... The item specifically relevant to Stripe is that it's categorized as a Financial Services rather than Information company. Financial Services companies have to allocate gross receipts based 50% on their payroll location and 50% based on their sales location. So while their portion of sales in San Francisco is negligible, most of their payroll is there.
  • dmode 7y ago
    I have a hard time believing most of their payroll is here. Strip is fairly disturbed and probably has huge ops and customer service teams in low cost locations. Their payroll footprint in the city, while significant, will not be burdensome when it comes to gross receipts
    • nrp 7y ago
      Payroll tax is based on apportionment of payroll expense, rather than headcount. It also includes stock based compensation. I'd guess most of their payroll expense is in San Francisco.
  • nothrabannosir 7y ago
    This is significant information, because there’s a whole conversation upthread assuming the gross receipts tax applies to their full business.