Palo Alto could put business tax measure on November ballot
https://www.siliconvalley.com/2022/03/31/palo-alto-could-put-business-tax-measure-on-november-ballot/
PALO ALTO — As cities across the Bay Area seek to reap the benefits of Silicon Valley’s robust economy, Palo Alto could soon become the latest to levy a business tax aimed at tapping company pockets.
From Tesla to Varian Medical Systems and SAP SE, Palo Alto’s billion-dollar companies — as well as its less lucrative ones — may have to start paying taxes on their office spaces to help finance city services and address their impacts on housing and transportation.
Palo Alto could put business tax measure on November ballot
Mar 31, 2022, 2:16pm UTC
https://www.siliconvalley.com/2022/03/31/palo-alto-could-put-business-tax-measure-on-november-ballot/
> PALO ALTO — As cities across the Bay Area seek to reap the benefits of Silicon Valley’s robust economy, Palo Alto could soon become the latest to levy a business tax aimed at tapping company pockets.
> From Tesla to Varian Medical Systems and SAP SE, Palo Alto’s billion-dollar companies — as well as its less lucrative ones — may have to start paying taxes on their office spaces to help finance city services and address their impacts on housing and transportation.