Tech Mobilizes Against California Privateness Legislation

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In San Francisco, a bunch called Our City Our House is gathering signatures for a November ballot measure that tacks on an extra zero.5 p.c gross receipts tax for companies with $50 million or extra in revenue. That will hit, amongst others, metropolis tech companies akin to Salesforce, Twitter and Yelp; retailers Gap and Williams-Sonoma Inc.; utility Pacific Gasoline and Electric Co.; and financial firms corresponding to Wells Fargo and Charles Schwab.

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While right this moment’s legislation marks some enhancements to a very imprecise and broad ballot measure, it came together underneath extreme time pressure, and imposes sweeping novel obligations on hundreds of large and small businesses world wide, across every trade,” said Katherine Williams, a spokeswoman for Google. For years, our tech sector has been concentrated in London and the South East. In keeping with the broader aspirations of the commercial strategy to advertise financial development and prosperity across the entire UK, I wish to see our tech sector realise its big potential to spice up communities and economies across the entire nation.