Our city is discussing revenues flowing in from a variety of sources: ex: businesses and employers (public and private), property owners, sales taxes, etc. Inquiring about the tax amounts paid by businesses into city revenues to understand how these flow into the city's annual expenditures, we understand that employers/businesses hold that information closely and it can only be discussed in the aggregate or not at all . . . Is this so even for public corporations and what is the best way to ask this?
I am guessing you are a “city authority”, perhaps a member of the finance committee, and trying to explore different sources of money for the appropriation purposes. You need local financial advisors and tax attorneys familiar with the city and its economic resources. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. For specific advice, please consult a attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA (California).
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