Re:Proposition C
by dawhizkid on Friday October 19, 2018 @05:10PM
(#18260086)
I read a tweet from Jack Dorsey that said Square would end up paying a significantly more than Salesforce (Link: https://twitter.com/jack/status/1053312149815091200). Why is that? Is it because financial services/payment transaction type businesses are taxed more or because this is a tax on "gross receipts" which potentially impacts these payment companies more because it includes income from interest, which they presumably have relatively more of? Or something else?
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