Voters to Consider Business Tax Increase That Will Affect Companies Like Netflix

  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Town officials estimate the tax increase would generate roughly $1.2 million per year and would make the town's tax structure more progressive, with larger businesses paying a higher tax rate.

"We're looking for some way of this to be self-sustaining so we don't have to put a budget initiative every couple of years, particularly if we're in an inflationary time," Town Councilman Matthew Hudes said during a discussion on the ballot measure at the council's Aug. 2 meeting.

Local business owners and business groups have expressed theoretical support for the measure, but warned against penalizing businesses for their success, particularly the town's largest businesses including Netflix.

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:

 /  🏆 596. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines