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Heard a crazy idea about required office returns being a tax trick!
We were discussing the push to come back to the office, and a coworker mentioned a conspiracy that it's all about tax breaks. It made me think about how much we don't know about upper management decisions!
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faithb7412d ago
New York City actually ended their commercial rent tax break for in-person workers back in 2022. Those programs are usually too small to be the main reason for a big return-to-office push. The bigger corporate tax benefits usually come from the city itself wanting payroll taxes, not daily attendance.
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betty12612d ago
Some cities actually give tax credits for companies that keep a certain number of employees working in person. Is that what your coworker was hinting at? I remember hearing about programs in Chicago that tie business tax rates to downtown occupancy. Does your company have offices in a city with rules like that?
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