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Four proposals to increase Oakland business taxes compete for spot on November ballot

Four proposals to increase Oakland business taxes compete for spot on November ballot

2 years ago
Anonymous $xqL1ZTchGQ

https://www.siliconvalley.com/2022/04/02/four-proposals-to-increase-oakland-business-taxes-compete-for-spot-on-november-ballot/

OAKLAND — The way Oakland taxes its businesses is going to change, but how isn’t clear yet because four proposals to accomplish that are competing to get on the November election ballot.

One proposal is being pushed by City Council members Nikki Fortunato Bas and Carroll Fife, who formally introduced it Thursday at a council committee meeting. It would eliminate the city’s flat tax rate on businesses’ gross receipts and switch to a progressive, tiered rate that increases as a company’s gross receipts grow. The proposal would annually haul in $40 million more than what businesses currently pay, they say.

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