Hence "Return to Office", and the failure thereof.
Hence "Return to Office", and the failure thereof.
>New Jersey and Texas are states that stand out for spelling out exactly how often employees must work from the office to qualify for tax breaks. Before the pandemic, several New Jersey tax programs required workers to show up at least 80% of the time, and one Texas program set the threshold at 50%.
>Provisions like these were designed to ensure that the jobs boosted local revenue from income, sales and property taxes, and bolstered downtown economies.
https://www.bloomberg.com/news/features/2023-02-21/another-t...
Buildings have mortgages, surrounding businesses need to be supported, etc... Local economies dipped and some hedge fund portfolios suffered, and RTO was the only way to pump their bags.
This is all conjecture