alt Hacker News> real-estate value
Separately but simultaneously, there are often local tax-benefits which depend on the company "creating jobs", and that's often defined in a way that means butts-in-offices downtown.
Replies
YetAnotherNick • 10/12/2024
Local tax benefits is the exception, not the norm. Just because 1% of the companies get that for 1% of the location, it doesn't prove 90% of the companies have WFH policy.
And there are countries/states where the respective corportate tax is 0. Shouldn't shifting your virtual company to that be better than say opening office in California, even if assuming you get local tax benefits.
RiverCrochet • 10/12/2024
so how is that verified, does the local tax authority come in and visually verify the butts in seats?
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Ding ding ding … this is the most overlooked aspect of the RTO/WFH dynamic.