Wednesday, March 16, 2011
San Francisco Wants to Tax Stock Options, and Has Statutory Authority Already
Few people are aware the San Francisco has had a tax provision in its municipal code since 2004 that requires companies to pay a payroll tax on gains from employee stock options, says Sarah Lacy of TechCrunch. No one pays it, she says, and San Francisco hasn’t enforced it to date, but companies are becoming increasingly agitated that the city may change that policy at any time.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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