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WeWork Gets Tax Rebate Meant for Its Small-Business Tenants

The rebate for WeWorks U.K. properties stems from the fact the company charges its tenants a flat rate, including an upfront property tax payment.

Adam Neumann borrowed money from the company several times over the past few years, at interest rates as low as 0.64 percent.

WeWorks revenue from operational locations is scarcely higher than expenses for those locations.

In its IPO disclosures, WeWork revealed revenue of $1.54 billion and a net loss of $690 million in the first half of 2019.

It plans to list its shares next month, but it has not yet indicated where the listing will take place.

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