Social Media

San Francisco Tech Companies to Get Tax Breaks in Exchange For Charitable Contributions

Twitter one of the companies to benefit


Twitter and six other San Francisco tech companies are set to receive sizable tax breaks from the city in exchange for non-binding promises to make charitable contributions totaling, in many cases, just tens of thousands of dollars — along with promoted tweets for local groups.

The tax deal also includes promises to volunteer in the community and patronize local businesses, according to draft Community Benefits Agreements that could be signed and finalized by the city as early as tomorrow.