This is not about business taxes more generally. Every company in SF is subject to this tax but most haven’t left. It specifically affects payments companies m

This is not about business taxes more generally. Every company in SF is subject to this tax but most haven’t left. It specifically affects payments companies more because of how the revenue subject to taxation is calculated. Apparently city elected officials have acknowledged it’s broken but also know it is not viable to cut any tech company’s taxes in this political environment. So they’re all leaving instead.