article thumbnail

San Francisco Official Wants Tax On Robots That Put People Out Of Work

PYMNTS

With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. And even Bill Gates suggested earlier this year that a robot tax could slow down automation and give people time to prepare.

article thumbnail

San Fran Vacant Retail Site Tax Measure Close To Passage

PYMNTS

That’s because a San Francisco ballot measure that would tax vacant storefronts looks like it’s headed for victory. And third, proceeds from the tax would create a fund to help small and medium-sized businesses (SMBs) to stay in business. As of late Wednesday, the San Francisco Department of Elections said 68.1

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Google Testing Same-Day Delivery In San Francisco

PYMNTS

According to the report, the service — dubbed Google Shopping Express — is being tested with a small number of consumers in San Francisco and suburbs around it. If the test is successful, Google told NBC News it could expand into other markets. “We The branded vans would only be allowed to be used for deliveries for Amazon.

article thumbnail

Relocations And Remote Work Hit San Francisco’s Finances

PYMNTS

“As we respond to the urgent challenges of the COVID-19 pandemic and look forward to our economic recovery, we can’t lose sight of our long-term financial situation,” said San Francisco Mayor London Breed in a press release. The New York Times reported that remote work has meant many San Franciscans have fled the Bay area.

article thumbnail

Intel Unit Case Could Mean Billions In Taxes For Big Tech

PYMNTS

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116
article thumbnail

Lyft IPO Oversubscribed, Could Reap $1B In CA Taxes

PYMNTS

California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We We need those billions for education and other areas,” John Chiang, the state’s former treasurer and controller, told CNBC , adding that the collection of taxes “may not happen all at once, and could be spread over time.”. “If

Taxes 101
article thumbnail

DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

PYMNTS

ProPublica reported the DOJ has raised questions about potential antitrust issues if Intuit, the maker of TurboTax, takes over its former rival that offered free tax preparation tools. The deal to buy the San Francisco company, with nearly $1 billion in revenues last year, has fueled Intuit’s growth.