Earnings Tax Doesn’t Deter AT&T Missouri Chief
Get Breaking News First
ST. LOUIS (KMOX) – A who’s-who of St. Louis corporations are funding the campaign to keep an earnings tax in the city.
Opponents argue the one-percent tax drives potential businesses away, but AT&T Missouri President John Sondag doesn’t think so.
“I personally don’t see it as a huge detriment to having a business here in the city,” he said. ”The earnings tax is not really an major concern for our employees here,” he said.
Sondag says to pick a side, he’d have to know the details on any proposed ‘replacement taxes.’
“The biggest question from a business perspective is that if that earnings tax goes away and the city needs to find a replacement for it, in what form is that going to be?”
AT&T has two national divisions headquartered here. including its Yellow Pages subsidiary. The phone book business based here, by itself, would qualify as a Fortune 500 company.
Copyright KMOX Radio