WeWork Gets Tax Rebate Meant for Its Small-Business Tenants
I provided some of the data used in this article (via FOI-request, used at sqwyre.com).The scale of the number of the hereditaments (taxable units) is remarkable and overloads local tax authorities. We're talking thousands, with regular tenant changes. Even in central London, there are only a handful of municipal staff to deal with all businesses.What you end up with is equivalent to a denial-of-service attack against rates authority staff. They're overwhelmed.That's the real risk to communities. If tax relief claims are industrialised, it puts endless pressure on the services those taxes were supposed to pay for. These are local taxes, so that's libraries, community centres, road maintenance, etc.WeWork may not be a tech company when it comes to what they're selling, but it is when it comes to how they deal with tax.