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General Motors Sues San Francisco for $121M in Back Taxes

  • #Labor
  • #Unemployment
  • #Driving
  • #Manufacturing
  • #United States of America
General Motors Sues San Francisco for $121M in Back Taxes
story
DEC 2023
Image copyright: Smith Collection/Gado/Archive Photos via Getty Images
story last updated DEC 2023

The Spin

Narrative A

San Francisco taxed GM's more than $3B in global revenue even though the corporation has no dealerships or factories and made less than a million dollars in San Francisco retail sales in 2022. Furthermore, Cruise has taken all of its cars off the road, which shows that even its San Francisco-based subsidiary has not been a money-maker for the corporation. It makes no sense for a Detroit-based company with little presence in California to make up 2% of a California city's yearly tax revenue — this was a bad-faith assessment by the city.

Bloomberg

Narrative B

Car manufacturers do a lot of good for the country and have received much-deserved praise for their innovation and job creation. However, companies like GM and Ford have over the last 20 or so years benefited from bailouts when business is bad and tax loopholes when profits are booming. Whether it be at the local, state, or federal level, it's time to question this newfound greed and public-private corruption within America's historically beloved auto industry — it's fair and reasonable to expect proportional taxation.

Detroit Free Press

Metaculus Prediction


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