San Francisco Gives a Tax Break to Keep Twitter in Town

Audrey Jones / April 27, 2011

When faced with losing one of the most brilliant companies in the country, Twitter, even San Francisco can have a moment of revelation regarding tax policy.

Burdened with heavy California taxation—and San Francisco’s on top of that—Twitter presented a letter to the San Francisco Board of Supervisors giving them an option: either exempt Twitter from the city payroll tax for six years or watch the tweeting company walk. The board decided in favor of Twitter’s proposal, and Twitter signed its new lease last Friday. (more…)