San Francisco eyes corporate tax relief to attract new companies

for revitalizing San Francisco's city center includes tax incentives of up to $1 million for three years to businesses that open new offices here.

For more permanent changes, the mayor also called on the city's controller and treasurer to devise a potential tax reform measure for residents to vote on in 2024 that would "allow San Francisco to better compete with its peer cities in attracting new businesses," according to a press release.A tech company in San Francisco with 250 employees and $750 million in total revenue would pay roughly $10.

"Cities that view themselves as business friendly, they want these taxes to be as low as possible because it's something they can use as a selling point when they're trying to attract businesses from around the country or businesses that are moving out of San Francisco," Bellisario said.he was disappointed by Breed's plan, which he said "prioritizes tax handouts to massive corporations.

Instead, Preston wants the city to focus on "neighborhood-serving small businesses, critically needed affordable housing and a functional public transit system."The Board of Supervisors will need to approve any short-term tax relief proposed by the mayor.: "Let's see where our economy goes."

Attract business and ruin locals. Their eternal MO.

Probably should eye harsher crime laws.

If they want to attract businesses then they need to raise the quality of life in the city. Companies don't want to move to places where employees have to live in matchbox apartments that they pay $5k a month for. And have to dodge human feces everyday on their commute.

Probably will be a bait and switch.

Lol like companies need more tax relief.

Or they could simply clean up the homeless junkie camps and maybe stop people from shitting all over the streets.🤷🏻‍♂️

Tax breaks attract businesses a whole lot better than raising the taxes on businesses

Wow, pretty soon the left will be running Jeb Bush as their candidate. Same policies.

Poop 💩 relief may help as well 🤔

You literally could not pay me enough to move there, for multiple reasons.

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