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Corporate Taxes

France, Not Waiting for European Union, to Tax U.S. Tech Firms as ’19 Starts

PARIS — With the so-called Yellow Vest movement forcing concessions that have widened the country’s budget shortfall, the French government is accelerating a plan to place hefty taxes on American technology giants that have long maneuvered to keep their bills low while reaping huge sums of money. France has been …

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A $2 Billion Question: Did New York and Virginia Overpay for Amazon?

New York City did not offer any special tax breaks to Amazon as part of the deal. But the company will be able to take advantage of existing city tax credits, including a program designed to encourage companies to create jobs outside the busiest parts of Manhattan. The program, open …

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San Francisco Approves Business Tax to Fund Homeless Services

SAN FRANCISCO — Voters in San Francisco approved a tax increase on the city’s largest businesses that would nearly double its budget for homeless services, a measure seen as an effort to hold wealthy technology companies accountable for exacerbating the local housing crisis. Tech executives have poured money into the …

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Austerity Is Over, Britain Says, Despite Brexit Uncertainty

Austerity is “finally coming to an end,” Britain’s chancellor of the Exchequer, Philip Hammond, declared on Monday as he outlined new public spending. But he warned that financial plans could change if Britain does not reach a deal on withdrawing from the European Union. Delivering his final budget speech before …

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Alphabet Shrugs Off Bad News With Big Quarter

SAN FRANCISCO — The headlines swirling around Alphabet, the parent company of Google, are not positive: European regulators are cracking down on its business practices, politicians are expressing concern about political bias, and there are growing fears about how it is pushing the boundaries on user privacy. But those clouds …

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In Liberal San Francisco, Tech Leaders Brawl Over Tax Proposal to Aid Homeless

For months, technology companies in San Francisco have fought a local ballot proposition that would impose taxes on corporations to fund initiatives to help the homeless. But last week, that unified front crumbled when Marc Benioff, chief executive of Salesforce, the online software company that is the city’s largest private …

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