3 ms·

Thanks for the clarification. But any company operating in SF is a bit crazy. So if a bank has a branch/office in SF, then it's liable for this tax? For all the

by csomar 6y ago

Thanks for the clarification. But any company operating in SF is a bit crazy. So if a bank has a branch/office in SF, then it's liable for this tax? For all their gross income or just for the income generated within city boundaries?

jedberg 6y ago
The law says just money they make in the city. But it's kind of vague and I'm sure there will be a lot of debate between the companies and the city about how much they are making in the city. The medium size businesses that only operate in SF will be screwed the worst.
smsm42 6y ago
I foresee some real estate companies that have office buildings just next to SF municipal border are going to make a nice profit.