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The law says any company operating in SF, which would include FB and Google, who have offices there. Very interesting, but, does that mean that execs who don't
by CountSessine 6y ago
The law says any company operating in SF, which would include FB and Google, who have offices there.
Very interesting, but, does that mean that execs who don't personally work in SF are subject to the tax? Ie, will Citibank's Michael Corbat, working out of Citigroup's New York offices, need to pay the tax because Citibank has bank branches in SF?
- jedberg 6y agoI'm not a lawyer or accountant, but my layman's reading of the law says it is a tax on gross receipts for the company in San Francisco, not the CEO directly. But applies if anyone who works for the company makes more than 100x the median. I'm really not sure how they plan to enforce this at all.