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In San Francisco, a group known as Our Metropolis Our Home is amassing signatures for a November pollmeasure that tacks on an additional zero.5 percent gross receipts tax for companies with $50 million or extra in income. That would hit, among others, city tech corporations akin to Salesforce, Twitter and Yelp; retailers Hole and Williams-Sonoma Inc.; utility Pacific Gas and Electrical Co.; and financial companies comparable to Wells Fargo and Charles Schwab.
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San Francisco has gone in a distinct route, with insurance policies which have largely helped tech and increased taxes on different industries like real estate, in line with metropolis data. Since the Cambridge Analytica scandal broke in March, Fb has audited 1000’s of apps that had entry to information through the looser interval prior to 2015. The company has suspended 200 apps, and has further restricted entry to data for all builders utilizing Fb and its sister service, Instagram.
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