X Daily News
@xDaily · Jul 18, 2024
SPECULATION: SF’s gross receipts tax likely factored in X’s decision to move HQ out of SF as it pivots to become a payment provider.
X needing to pay taxes on all transactions processed by the company (even if not revenue) would have been a huge financial burden on the company.
Elon Musk
@elonmusk
It would be death, not a “burden”
04:09 PM · July 18, 2024 · 47.2K views
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