Dorsey estimated that Square could pay an additional $20 million in taxes under Prop. C next year, while Benioff has said Salesforce would pay an additional $10 million, despite its larger size.
“Taxes would grow at rates multiple times our (adjusted) revenue, which no company can sustain,” Dorsey said in a tweet. “Not an issue for Salesforce/Twitter, but unfair to (Square) and (financial) startups.”
https://www.sfchronicle.com/business/article/Dorsey-tweetsto...
From SFChronicle article:
Dorsey estimated that Square could pay an additional $20 million in taxes under Prop. C next year, while Benioff has said Salesforce would pay an additional $10 million, despite its larger size.
“Taxes would grow at rates multiple times our (adjusted) revenue, which no company can sustain,” Dorsey said in a tweet. “Not an issue for Salesforce/Twitter, but unfair to (Square) and (financial) startups.”