As protests heat up in San Francisco over so-called “Google buses” and tax breaks for tech companies, San Jose officials are hoping to lure companies with a friendlier business climate.
An advisory panel recommended several high tech firms need to do more for the community to earn a tax break for locating to San Francisco’s Mid-Market neighborhood.
The push is on again for tech companies like Twitter in San Francisco’s mid-Market area to apply for tax breaks.
Starting in 2014, the program that allows Bay Area commuters to use pre-tax dollars from their paychecks to pay for transit and commuting will be slashed nearly in half.
Amid the excitement caused by Twitter’s highly anticipated IPO on Thursday morning, protesters—attempting to ruffle the feathers of the social media company—marched outside its headquarters in San Francisco decrying the city’s tax breaks for high-tech companies.
House Democratic leader Nancy Pelosi isn’t ruling out pushing for upper-income earners to pay more even after the “fiscal cliff” deal that raised their taxes.
The San Jose City Council approved a temporary tax break Tuesday to encourage more commercial development in the city.
A controversial proposal to give $10,000 payroll tax breaks to San Francisco employers who hire ex-cons goes before the Supervisors’ Budget Committee Wednesday.
The state treasurer is calling California’s tax break program for clean energy companies a “wise and needed one” despite the failure of its most high-profile recipient—the solar startup Solyndra.
California has halted an alternative energy program following the bankruptcy of Solyndra, a Fremont solar company that received $25 million in state tax breaks.