Technology companies fighting Denver tax

Published on NewsOK Modified: July 2, 2014 at 8:28 am •  Published: July 2, 2014
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DENVER (AP) — Denver officials were meeting with technology executives on Wednesday to discuss a city tax on software services that is leading some businesses to consider relocating.

Denver economic development chief Paul Washington and Deputy Mayor and chief financial officer Cary Kennedy are scheduled to attend the meeting, held the day after executives from more than 30 companies met with city officials to push for change, The Denver Post reported (http://dpo.st/1qP9oU1).

That meeting, organized by the Colorado Technology Association, grew tense as Denver Treasurer Steve Ellington said that such a change would probably require an exemption approved by the Denver City Council.

"The city's main revenue source is its sales and use tax and so we have to be very judicious about how we go about making changes to existing code," Ellington said.

James Barry, a vice president with Cloud Elements, said his company would be better off moving to Centennial even though the firm just moved 14 employees to Denver.

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