Apple gets millions of dollars in tax refunds to stay in Cupertino
Previously unknown details of California's deals with local firms have been released, showing that Apple has been paid millions in tax refunds by Cupertino to stay in the area.Apple Park in Cupertino (Source: Apple)If it weren't widely reported in detail before, it was at least public knowledge that Californian regions such as Cupertino pay back some sales tax to local companies. What hasn't been clear before is how much that payback amounts to.According to Bloomberg, the California Department of Tax and Fee Administration (CDTFA) under a new state law, showed that Apple received $64.7 million from Cupertino since 2013. Going back to a previous 1998 deal, Bloomberg research estimates that Apple has received almost $120 million. Continue Reading on AppleInsider | Discuss on our Forums
Previously unknown details of California's deals with local firms have been released, showing that Apple has been paid millions in tax refunds by Cupertino to stay in the area.
Apple Park in Cupertino (Source: Apple)
If it weren't widely reported in detail before, it was at least public knowledge that Californian regions such as Cupertino pay back some sales tax to local companies. What hasn't been clear before is how much that payback amounts to.
According to Bloomberg, the California Department of Tax and Fee Administration (CDTFA) under a new state law, showed that Apple received $64.7 million from Cupertino since 2013. Going back to a previous 1998 deal, Bloomberg research estimates that Apple has received almost $120 million.
Continue Reading on AppleInsider | Discuss on our Forums
Apple Park in Cupertino (Source: Apple)
If it weren't widely reported in detail before, it was at least public knowledge that Californian regions such as Cupertino pay back some sales tax to local companies. What hasn't been clear before is how much that payback amounts to.
According to Bloomberg, the California Department of Tax and Fee Administration (CDTFA) under a new state law, showed that Apple received $64.7 million from Cupertino since 2013. Going back to a previous 1998 deal, Bloomberg research estimates that Apple has received almost $120 million.
Continue Reading on AppleInsider | Discuss on our Forums
