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San Francisco law firms look set to pay disputed partnership tax


By Neasa MacErlean

27 April 2015 at 08:08 BST


Arnold Porter, Orrick and 23 other law firms appear to have worn out their challenges against a partnership tax for which they are now expected to pay a levy of 1.5 per cent of payroll on services carried out within the city.

A partnership tax is on the way for law firms in San Francisco blurAZ

The firms - represented by Amy Silverstein  of Silverstein & Pomerantz LLP - had challenged 'Proposition Q', a headcount tax which has been extended to cover partnerships as well as other businesses. But the firms look likely to have reached the end of the road in their appeals - as the California Supreme Court has just refused to hear an appeal on the subject.

Sunset

The other firms which had opposed the application of the tax to them include Herrington & Sutcliffe, Latham & Watkins, Lewis Brisbois Bisgaard & Smith, Hanson Bridget, Shartsis Friese and Pillsbury Winthrop Shaw Pittman. However, a spokesman for the City of San Francisco - Deputy City Attorney James M. Emery - said that the tax 'will sunset in three years'. Source: Bloomberg

 
   
 
 
 

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