More firms have been fighting SF business taxes

  • 📰 sfexaminer
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Taxes News

Business Business Latest News,Business Business Headlines

Conflicts between San Francisco and companies have risen in recent years

General Motors’ bombshell legal demand in December for more than $121 million in refunds from San Francisco for taxes, interest and penalties is not an isolated case.

This year, The City has already approved a $3.9 million refund of business taxes to Deloitte. Last year, it was almost $4.2 million to AppLovin and $13.3 million to WeWork. In 2022, it paid nearly $9.2 million to Gap. And in 2020 and 2021, The City shelled out $9.6 million to settle lawsuits filed by the payments company Square, now known as Block.

The City identifies four voter-approved taxes — the gross-receipts tax, the homelessness gross-receipts tax, the overpaid-executive gross-receipts tax and the commercial-rents gross-receipts tax — as making up its business taxes. Ex // Top Stories Why some San Franciscans are embracing spirituality and magic mushrooms With three established mushroom churches, San Francisco is becoming a testing ground for navigating the legal gray area between religion and psychedelics

In GM’s case, the Detroit automaker contends it has almost no footprint in San Francisco and that The City inappropriately combined the operations of Cruise, its self-driving-automobile unit — which had minimal revenue — with GM’s global operations. It seeks refunds for the years 2016 to 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 236. in BUSİNESS

Business Business Latest News, Business Business Headlines