6 ms·

Feels like a great way to encourage companies to leave the state. I left California many years ago. Every single part of my life is much better. Fiscally , rom

Feels like a great way to encourage companies to leave the state. I left California many years ago. Every single part of my life is much better. Fiscally , romantically, mentally. SF over values how essential location is. With Covid it's clear remote work is the future, base the company out of Delaware and go full remote

dragonwriter 6y ago
> Feels like a great way to encourage companies to leave the state. Well, leave the City and County of San Francisco, maybe. But it wasn't that long ago that SF proper wasn't even considered part of Silicon Valley and the associated tech hub, anyway, though it was close enough that a lot of the conferences, etc., were there. And most of the big SV firms still aren't actually in SF.
bambax 6y ago
This is the eternal objection to measures like this. But if every city and every state implement this, where will they go? And even if not, will they actually move? Will companies move? Time will tell but it seems very doubtful.
- mrits 6y ago
  Most cities are giving incentives to grow. The exact opposite of what SF is doing.
- forest_dweller 6y ago
  > This is the eternal objection to measures like this. But if every city and every state implement this, where will they go? To another country. The world is a big place, there are also a number of tax havens that are relics of the British Empire, there will be other countries which will quite happily have large tech business move there. None of these measures have the intended consequence (usually the opposite happens). All it ever does it make it look like the politicians are doing something.
  - toyg 6y ago
    I keep waiting for the tech scene to explode in Grand Cayman or something, but it doesn't seem to be happening for some reason. It's all just lawyers and scammers.
    - forest_dweller 6y ago
      Gibraltar has plenty of tech companies for financial and gambling. Singapore is the same but I am not sure about how the tax works there. In any event I am not saying companies will move there necessarily (it was just an example I took off the top of my head) but they will move parts of the business around to be tax efficient. I do it with my own tiny business to be tax efficient. As I said the world is a big place and companies will just move somewhere else if they deem it to be worth the move.
- offtop5 6y ago
  Base the company out of a conservative State. The employees can work wherever. The other issue is how much complying with this regulation is going to cost. California is already very very anti business after all
tlogan 6y ago
This kind of taxes are easily gamed (outsource low paid employees, etc.). It might actually be good for a big business because all ‘normal’ employees will be via temp agencies.

dragonwriter 6y ago

> Feels like a great way to encourage companies to leave the state. Well, leave the City and County of San Francisco, maybe. But it wasn't that long ago that SF proper wasn't even considered part of Silicon Valley and the associated tech hub, anyway, though it was close enough that a lot of the conferences, etc., were there. And most of the big SV firms still aren't actually in SF.

bambax 6y ago

This is the eternal objection to measures like this. But if every city and every state implement this, where will they go? And even if not, will they actually move? Will companies move? Time will tell but it seems very doubtful.

mrits 6y ago
Most cities are giving incentives to grow. The exact opposite of what SF is doing.
forest_dweller 6y ago
> This is the eternal objection to measures like this. But if every city and every state implement this, where will they go? To another country. The world is a big place, there are also a number of tax havens that are relics of the British Empire, there will be other countries which will quite happily have large tech business move there. None of these measures have the intended consequence (usually the opposite happens). All it ever does it make it look like the politicians are doing something.
- toyg 6y ago
  I keep waiting for the tech scene to explode in Grand Cayman or something, but it doesn't seem to be happening for some reason. It's all just lawyers and scammers.
  - forest_dweller 6y ago
    Gibraltar has plenty of tech companies for financial and gambling. Singapore is the same but I am not sure about how the tax works there. In any event I am not saying companies will move there necessarily (it was just an example I took off the top of my head) but they will move parts of the business around to be tax efficient. I do it with my own tiny business to be tax efficient. As I said the world is a big place and companies will just move somewhere else if they deem it to be worth the move.
offtop5 6y ago
Base the company out of a conservative State. The employees can work wherever. The other issue is how much complying with this regulation is going to cost. California is already very very anti business after all

tlogan 6y ago

This kind of taxes are easily gamed (outsource low paid employees, etc.). It might actually be good for a big business because all ‘normal’ employees will be via temp agencies.