San Francisco city officials this week convened an advisory council that includes local companies such as Twitter and Zynga to assess the city's tax structure, reports
MarketWatch.com. "The announcement comes shortly after the city's Board of Supervisors
voted to approve a payroll-tax exemption aimed at keeping microblogging service Twitter headquartered in town," MarketWatch notes. Twitter, Zynga and Yelp have all reportedly suggested that a move
outside of San Francisco might make better financial sense, as they add new employees and gear up for possible IPOs. The ad-hoc advisory council will "recommend new policies related to high-growth
technology companies," and "evaluate how San Francisco's current tax structure impacts companies' ability to successfully grow jobs in San Francisco," city officials said. Mayor Edwin Lee, Board of
Supervisors President David Chiu and Supervisors Ross Mirkarimi and Mark Farrell issued the statement, according to MarketWatch.
