Square CEO Jack Dorsey’s tax fight goes beyond Prop. C

By Joshua Sabatini : sfexaminer – excerpt

Even before Square CEO Jack Dorsey publicly sparred with Salesforce CEO Marc Benioff over the homeless tax measure facing voters Tuesday, his company was already embroiled in another tax dispute in San Francisco.

Dorsey, who is also the CEO of Twitter, has publicly discussed his opposition to Proposition C and the impacts it will have on Square, an online payment company.

Less well known is that his company was already trying to pay fewer taxes in San Francisco, according to Square’s filings with the U.S. Securities and Exchange Commission.

Those filings show that Treasurer and Tax Collector José Cisneros audited Square’s tax payments for fiscal years 2014 and 2015 and determined the company failed to pay the full amount owed to The City…

The filings said that Cisneros “believes the Company’s primary business activity is financial services rather than information services.”

“We disagree with the Tax Collector’s position,” Square said in the filings… (more)

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