GM, Parent Company of Cruise, Sues San Francisco for $121M, Saying It Was Wrongly Taxed

The San Francisco Standard ^ | Dec. 27, 2023 | Rachel Scheier

[Abathar]

General Motors, the parent company of troubled self-driving car firm Cruise, is suing San Francisco, saying the city improperly overcharged the company more than $100 million over seven years by miscalculating its tax bill.

In the case filed Friday in California Superior Court, GM said it was seeking a refund of nearly $108 million in taxes plus some $13 million in interest and penalties between 2016 and 2022.

The Detroit automaker contended that San Francisco-based Cruise is run separately from GM. The automaker had average annual gross receipts of approximately $148 billion over the seven-year period at issue, said the company in the lawsuit. But its core automotive business does not employ anyone in San Francisco, has no manufacturing plants there and only sold $677,000 worth of goods in the city in 2022.

[Abathar]

SF is already cash strapped and having to make deep cuts in their budget for the coming years. It's going to be fun watching GM try to wrestle back that cash from them now, they'll be screaming and clawing the entire time even knowing they screwed up.

[Deplorable American1776]

Maybe GM need to Cruise outta there!!

Only $677K in San Fran. The average GM vehicle is about $50K, they only sold 125 vehicles last year?

[equaviator]

GM to investors: “Buy our stock...just because.”

[sauropod]

My math sez about 13 vehicles.

[DAC21]

“My math sez about 13 vehicles”

They aren’t selling cars. Robo taxi service is were the SF income was generated. Still pretty piss poor.

[bert]

The problem with a judgement is collecting

[Lockbox]

I don’t know if you saw the movie To Live And Die In L.A. There is a scene where a bad man basically just steals the printer’s counterfeit money and says:

Now, you be a printer. Go get some ink......and start printing, some more of that shit (counterfeit money)

I look for S.F. to tell GM the same thing, but meaning go back to Joe Biden for more money……

[logi_cal869]

Who are the incompetents at Cruise who PAID this tax bil???

[logi_cal869]

Pardon, I meant GM.

[null and void]

There are no wrong taxes, Citizen!

[Abathar]

"The problem with a judgement is collecting"

Yep, getting the city to write that check will take years, maybe decades while they scream the whole time.

My guess is it will have to be in installments, for a full 7 years like they taxed them for.

Must be nice to have accountants on staff that can't even see the massive over payments and not question them for that many millions every year. If I was a big-shot head bean counter there pink slips would be flying off my desk.

[Honest Nigerian]

Taxes are REALLY complicated. California has taken it to a whole nother level.