In return for offering tenants flexible month to month office space at heavily discounted rent, WeWork get’s the business tax break. I don’t see any reason for outrage.
> Here’s how the tax arrangements work: WeWork divides each of its properties into dozens or even hundreds of individual areas. Each of those spaces, known as hereditaments, is then separately assessed for tax purposes.
> That allows the company to claim back the taxes on any area that is empty or small enough to be eligible for relief if they are occupied by a small company with no other offices.
I feel like pretty much any company could qualify under these conditions, if you declared your office building a desk access pool and declared income on each segment as an individual employee. It seems super weird that WeWork should be able to consider contiguous office space as separate isolated offices.