Jack Dorsey's $26bn company claims San Francisco owes it $1m

Square, the Twitter CEO’s payment company, sues for refund and claims current taxation is ‘unconstitutional’

Jack Dorsey, whose company Twitter has long benefited from a huge tax break to operate in San Francisco, is now suing the city for a $1.27m tax refund for his company Square.

Attorneys for Square, a $25.9bn payment processing company, filed the lawsuit last week, alleging that “the city’s tax as applied to Square is unconstitutional”.

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Source: The Guardian
Jack Dorsey's bn company claims San Francisco owes it m