The problem’s not the tax rate. It’s the sheer complexity of the city’s tax code. A new “CEO tax” would make things worse. By Owen Thomas Updated 4:00 am PDT, Wednesday, June 19, 2019 Photo: Gabrielle Lurie / The Chronicle San Francisco’s booming tech companies are a rich target for tax-minded legislators — but their efforts may miss the mark. San Francisco’s booming tech companies are a rich target for... Welcome back to Tech Chronicle. If your inbox isn’t overtaxed, consider subscribing to this newsletter. Paying the tax tax A CEO tax, an IPO tax, a ride-hail tax. San Francisco is in a taxing mood, especially when it comes to tech, and those are among the proposals voters are being asked to consider this fall. A levy on vacant storefronts might follow this spring. In Sacramento, the legislature is considering a measure that would hike corporate income … [Read more...] about San Francisco, why are you so taxing?
Prop c san francisco homeless
Julie Bort, provided by Published 7:34 pm CDT, Friday, March 29, 2019 Kimberly White / Stringer An oh-so-San Francisco battle is going on right now that involves the city's massive homeless population. And tech CEOs Marc Benioff and Jeff Lawson, of Salesforce and Twilio respectively, have jumped into the middle. These execs are trying to stop a wealthy San Francisco neighborhood from preventing a new homeless shelter from being built on a nearby parking lot. An oh-so-San Francisco battle is going on right now that involves the city's massive homeless population, rich property owners, even richer tech executives, crowdsourced funding and an empty parking lot. With the vocal help of San Francisco native Marc Benioff, the billionaire founder and CEO of Salesforce, San Francisco a few months ago passed a bill to raise taxes on tech companies to help the homeless. Proposition C, which is expected to raise $300 million for homeless programs, passed with overwhelming support. … [Read more...] about Marc Benioff and Jeff Lawson have jumped into a fight over a rich San Francisco neighborhood’s efforts to block a homeless shelter from being built on a parking lot
Okta, a San Francisco-based cloud technology company, just became the latest company to pledge money to fight homelessness and poverty. Over the next four years, the company will give $500,000 to Tipping Point, a nonprofit that partners with other organizations to fight solutions for the 1.3 million people in the Bay Area too poor to meet their basic needs. The pledge follows larger commitments from tech companies like Microsoft, which recently committed $500 million to help develop affordable housing in Seattle, and Cisco, which committed $50 million to fight homelessness in Silicon Valley roughly a year ago. In November, Airbnb pledged $5 million to address homelessness in San Francisco, and in January, partnered with Twilio to give more. Others, including the health care giant Kaiser, are also pouring hundreds of millions into affordable housing. Okta’s own pledge is smaller, though it argues that companies that don’t have Microsoft’s scale can also help beyond … [Read more...] about This tech company is giving half a million to fight homelessness
Silicon Valley has driven San Francisco into a “train wreck” of inequality, with homelessness being a severe issue in the city, Salesforce CEO Marc Benioff told CNBC on Tuesday. Benioff added that though the Valley is the home of “an incredible technology industry” that “every city in the world craves,” some executives in the sector are ignoring issues such as gentrification and homelessness. “In some ways, San Francisco is the canary in the coal mine,” Benioff said in an interview with CNBC’s Sara Eisen at the World Economic Forum in Davos, Switzerland. “We have to look at San Francisco and say here’s the best technology example in the world and yet the worst homelessness.” “San Francisco is kind of a train wreck, we have a real inequality problem,” he said. “It’s because of the tech sector.” A one-night count of San Francisco’s homeless population in … [Read more...] about San Francisco Is a ‘Train Wreck’ of Inequality Because of Silicon Valley, Salesforce CEO Says
By Amy Graff, SFGATE Published 8:30 am PST, Tuesday, January 22, 2019 In this photo taken Tuesday, Oct. 30, 2018, Salesforce CEO Marc Benioff speaks at a SPUR luncheon in San Francisco. Benioff spoke about the responsibility of businesses and leaders to their local communities, including solving the homelessness crisis in San Francisco and beyond. less In this photo taken Tuesday, Oct. 30, 2018, Salesforce CEO Marc Benioff speaks at a SPUR luncheon in San Francisco. Benioff spoke about the responsibility of businesses and leaders to their local communities, ... more Photo: Associated Press Photo: Associated Press Image 1 of / 22 Caption Close Image 1 of 22 In this photo taken Tuesday, Oct. 30, 2018, Salesforce CEO Marc Benioff speaks at a SPUR luncheon in San Francisco. Benioff … [Read more...] about San Francisco is a ‘train wreck’ because of the ‘tech sector,’ says Marc Benioff