Palo Alto could put business tax measure on November ballot

Palo Alto could put business tax measure on November ballot

2 years ago
Anonymous $R5WK5a8uaN

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.