Monday December 9, 2019

Patrick Collison defends Stripe in San Francisco tax row

The Limerick-born founder of the $20 billion payment firm has voiced his opposition to a 0.5 per cent tax aimed at helping to ease a severe homelessness problem in the city

24th October, 2018
Stripe co-founder Patrick Collison. Pic: Getty

Patrick Collison, who started Stripe with his brother John, set out a defence of his and his company’s position in a statement late last week, saying that money was not the only answer to the problem and that the tax would hit the lower paid.

Like Dublin, San Francisco is in the throes of a chronic homelessness crisis that has been deepened in part by displacement through the proliferation of prosperous technology firm...

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