This resolution approves a settlement of $531,910.34 to Mizuho Securities USA LLC and Mizuho Americas LLC for unlitigated claims related to various taxes. The claims were filed on May 6, 2021, and involve refunds for payroll expenses and other taxes.
Resolution approving the settlement of the unlitigated claims filed by Mizuho Securities USA LLC and Mizuho Americas LLC against the City and County of San Francisco for $531,910.34; the claims were filed on May 6, 2021; the claims involve a refund of payroll expense, gross receipts, homelessness gross receipts, and early care and education commercial rents taxes.
How it got here
The legislation originated from claims filed by Mizuho Securities USA LLC and Mizuho Americas LLC against the City for tax refunds.
Mizuho filed claims against the City and County of San Francisco for a refund of various taxes.
The resolution to settle the claims was received from the department.
The committee recommended the resolution for passage.
The Board adopted the resolution to settle the claims for $531,910.34.
The Mayor approved the resolution, finalizing the settlement.
Reconstructed from attached documents & the official record
