OAKLAND — Residents will decide in November whether to overhaul the way the city’s businesses are taxed.
If passed, the measure would scrap the current tax structure that imposes a flat rate on all businesses’ gross receipts and enact a progressive, tiered rate that increases as a company’s gross receipts grow. The council members’ original proposal would have generated $40 million extra per year for the city, but the Oakland Metropolitan Chamber of Commerce called that too drastic.they had drafted a measure they could all get behind this election. It’s estimated to generate $22 million annually for the city’s general fund, which proponents say could be used toward services such as reducing homelessness and cleaning up city streets.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: