3 ms·

Since a gross receipts tax hits anything other than small, local stores inconsistently, I'm not sure what behavior it's trying to drive. It also taxes revenue r

Since a gross receipts tax hits anything other than small, local stores inconsistently, I'm not sure what behavior it's trying to drive. It also taxes revenue rather than income, so yes, it makes anything ulta-low margin like a payments platform DOA.

acchow 2y ago
It seems the objective is to disincentive companies that have business outside the city borders.