So if a company pays its CEO less, will they get a tax credit? Unlikely. With coronavirus, why does a company need to have a San Francisco HQ? Simply move the headquarters to Las Vegas, Reno, or Texas, and hire remote.
To my knowledge, there aren’t too many hardware companies in San Francisco; they are mostly companies they have employees that sit at computers typing stuff or calling people. Other than cachet, why would a company choose to locate in the city limits? The tax is admittedly rather small, but being in San Francisco is a death of a thousand cuts.
The location of the HQ on paper has nothing to do with where the office actually is, anyway. So many large corporations are registered in Delaware, or in a tax haven.
Why are we downvoting this? It is the most fair assessment of the tech industry. FAANG might vacate large office spaces completely and shift status quo in real estate, VC and startups for the next 10 years.
To my knowledge, there aren’t too many hardware companies in San Francisco; they are mostly companies they have employees that sit at computers typing stuff or calling people. Other than cachet, why would a company choose to locate in the city limits? The tax is admittedly rather small, but being in San Francisco is a death of a thousand cuts.