If tax incentives keep investment local, rather than profits in off-shore havens where taxes aren't assessed anyway, I fail to see the issue.
I'm all on board with closing off shore holdings loopholes for billion dollar corporations. But until that happens, this seems positive to me.
Edit: have you been to the Tenderloin? I ask not as a gotcha but whether you understand the state it and it's people are in (which you may very well).
Companies with more than $1 million in payroll signed community benefits agreements in exchange for the tax breaks. In 2014 and 2015 alone, those agreements yielded 17,000 volunteer hours, $1.7 million in cash grants and $2.5 million in donations, according to a city tally. The tax breaks have spurred job growth and revenue from sales and property taxes, the city said. But the tax breaks have so far cost the city nearly $40 million.
So, companies received tax breaks that were supposed to help the community but seems to have cost it millions. I don't see how anyone here commenting can come to another conclusion given this sentence.
The only argument I could see making is one where the money would have never been spent in this way, but that is an argument that we should pay corporations millions so that we can get a pittance for our poor; this doesnt make sense to me.
