Author Topic: Cash strapped Leftie city trying to extort money...  (Read 22 times)

0 Members and 1 Guest are viewing this topic.

Offline Hung_Low

  • Sr. Poster
  • ****
  • Posts: 9650
  • Gender: Male
  • Respect: +246
    • View Profile
Cash strapped Leftie city trying to extort money...
« on: February 26, 2024, 09:09:55 AM »
SF is trying to tax GM for $108millions because they claimed by way of the self-driving Cruise. SF claimed that since the Cruise will link GM to SF, they are entitled to the tax revenue, a portion of GM's global revenue will be taxed in SF - which means that GM's global sale rev of $3billions is subject to SF tax, amounting to $108millions. Even though GM does not employ anyone in the city, has no plants or other physical locations in the city, has no dealerships in the city, and sells only a de minimis amount of retail goods (approximately $677,000 in 2022) in the city. GM filed a lawsuit against SF for the extortion...

GM need to take it's businesses out of CA, period.

Like this post: 0
- Maxi pad not greatest thing on earth but next to it.