Corporate Blackmail? - San Francisco Offers Tax Break To Twitter
Dan McMenamin, at SF Appeal reports that the city of San Francisco is offering Twitter and other companies that move to mid-town area of San Francisco that would exempt payroll taxes on new hires for six years.
Twitter had threatened to leave San Francisco and move to Brisbane, California in what some have called "corporate blackmail." This is a company that regularly touts the importance of "social responsibility" to its culture and mission.
The company has 350 staff and is reported to be planning to add 150 more by the end of this year and have 3,000 staff in five years.
The area eligible for the tax break is mid-Market street between Fifth and 10th streets.
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