Twitter is well on its way to getting a tax break in San Francisco after threatening to leave the city for the suburbs.
San Francisco’s Board of Supervisors on Tuesday voted 8 to 3 to preliminarily approve a tax break that could allow Twitter to avoid tens of millions of dollars in taxes. A second vote expected next week would make the legislation official.
As I recounted in an article Monday in the Times, Twitter had said it planned to move out of San Francisco, where it is based, because of the high cost of doing business.
Amazing that Twitter, of all people, get a tax break. much more on tax break lobbying, here.