Tax Tipping Point

[Angel Eyes]

Cupertino California (location of Apple's HQ) is also contemplating a head tax: 

https://www.foxbusiness.com/markets/cupertino-mulls-head-tax-on-apple-other-local-businesses


That should go over like a fart in church.

[Scout26]

I've heard that Apple has been contemplating new digs....outside of CA....

https://www.curbed.com/2018/1/17/16902190/apple-new-campus-headquarters-jobs

[Ben]

Well, this was a fast turnaround (or the beginnings of one):

https://www.foxbusiness.com/markets/seattle-may-pull-head-tax-after-amazon-starbucks-cry-foul

In some ways it's sad that it took two 800lb gorillas to do it, because without them, this reversal likely wouldn't be happening.

[K Frame]

Why how very horribly bullying of them!

They need to pay their fair share! FAIRRRRRRRRRRRRRRRR SHAREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!

[AmbulanceDriver]

Well, this was a fast turnaround (or the beginnings of one):

https://www.foxbusiness.com/markets/seattle-may-pull-head-tax-after-amazon-starbucks-cry-foul

In some ways it's sad that it took two 800lb gorillas to do it, because without them, this reversal likely wouldn't be happening.

I think the city read the tea leaves on the upcoming referendum vote this fall and were worried about it being shut down on someone else's terms.  I suspect that if there were a vote on it and it went overwhelmingly against the head tax, then they'd lose the ability to try to restart this at some later date with yet another version of it.

[Scout26]

Perhaps their cushy do-nothing jobs also ??

[MechAg94]

Well, this was a fast turnaround (or the beginnings of one):

https://www.foxbusiness.com/markets/seattle-may-pull-head-tax-after-amazon-starbucks-cry-foul

In some ways it's sad that it took two 800lb gorillas to do it, because without them, this reversal likely wouldn't be happening.

Wasn't the tax pretty much targeted at them only?  I think it was aimed at companies with a minimum number of employees or income.  I forget which.  For all we know they promised extra charitable donations to get the tax killed.  

They will come up with something else.  Politicians never run out of things to spend money on.

[AmbulanceDriver]

Wasn't the tax pretty much targeted at them only?  I think it was aimed at companies with a minimum number of employees or income.  I forget which.  For all we know they promised extra charitable donations to get the tax killed.  

They will come up with something else.  Politicians never run out of things to spend other people's money on.

FTFY

[Ben]

Wasn't the tax pretty much targeted at them only?  I think it was aimed at companies with a minimum number of employees or income.  I forget which.  For all we know they promised extra charitable donations to get the tax killed.  

They will come up with something else.  Politicians never run out of things to spend money on.

IIRC, yeah, unofficially they were looking at the deep pockets of them and Apple, but also IIRC, it would have affected "smaller" big business in the area as well - those who might not be able to shrug off the tax as easily as Amazon. Plus the usual trickle down of redefining what a "wealthy" business is so that pretty soon, they're charging a head tax to everyone with more than 50 employees, because they can.

Or way, way less. Again, IIRC, it's currently greater than $20mil GROSS. I think it's possible, depending on what they sell or provide, for mid-sized businesses to potentially meet that gross, while having a much, much smaller net income.