Remove taxes property-taxes
article thumbnail

Boston’s Tax Revenue Plummets as Remote Work Reshapes its Real Estate Market

Allwork

The rise of remote and hybrid work, in combination with high interest rates, is significantly affecting Boston’s tax base. The city heavily relies on commercial property taxes for more than one-third of its revenue. This reliance is reported to be higher than that of other major U.S.

2019 261
article thumbnail

This 27-Year-Old Left a Promising Architecture Career to Revamp Her Family’s Struggling Hotel Business

Success

A miner by trade, Papa Lance acquired the property in 1993 after he gave up his career mining silver and took over the inn from owner Sam Brooks. While Nelson never planned to go into the hospitality business herself, the summers she spent ingrained in the day-to-day workings of the property prompted her to choose to study architecture.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

Success

She made a game out of running the business more efficiently, saving for growth and taxes, and earning more money. If you’re a freelancer or you own your own business, you won’t have taxes taken out of your paycheck automatically, so you’ll need to manually save for tax day. A fancy latte or more financial freedom?

Finance 290
article thumbnail

San Francisco Office Exodus Slows, But Record Vacancy Rates Still Threaten City’s Future

Allwork

San Francisco’s dramatic situation has implications for the city’s property and business tax revenues. According to a report on the data published by Axios , the city’s high vacancies also pose significant challenges to its transit operations. Akin to other major U.S.

2024 274
article thumbnail

Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

Allwork

Add another name to the list of those whose only New Year’s wish is for employees to return to the office: tax collectors. . are staring down disappointing property tax revenues largely due to the dramatic shift in the commercial real estate landscape nationwide as so many companies have moved to a 100% remote workforce.

UPS 321
article thumbnail

This European Capital Is The Best City For Remote Workers in 2024

Allwork

Spain offers low taxes and expat visa options targeted at freelancers and remote workers. Nestled between the Guadarrama Mountains and the rivers of the Iberian Peninsula, Madrid is famous for its mix of medieval romance and modern sophistication.” The city also ranked high for its ideal conditions for digital nomads.

2024 290
article thumbnail

Spain to End Golden Visa Program, Prioritizing Housing Affordability and Social Equality

Allwork

On Monday, Spain announced its decision to terminate the “golden visa” program, which granted residency to non-EU investors purchasing property over €500,000 ($541,250). The change in policy could decrease the number of digital nomads and foreign workers within the country. Spain tops that ranking at the number one spot.

2013 278