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hamerfan

(1,404 posts)
74. How Apple Sidesteps Billions in Taxes
Sun Apr 29, 2012, 11:31 AM
Apr 2012

RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby.

Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states.

Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.

California’s corporate tax rate is 8.84 percent. Nevada’s? Zero.

http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=1

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Musical Interlude hamerfan Apr 2012 #14
Nice piece of music....who is she? Demeter Apr 2012 #19
Heart, the band. hamerfan Apr 2012 #60
Video Interlude hamerfan Apr 2012 #15
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How Apple Sidesteps Billions in Taxes hamerfan Apr 2012 #74
The Apple is riddled with worms Demeter Apr 2012 #83
Thank you Mrs. Demeter for WEE, another good read. n/t Hotler Apr 2012 #76
It's just Demeter, and yes, I'm available but picky Demeter Apr 2012 #82
Is it too early to start drinking?? I found a really good tequila the other day.... Hotler Apr 2012 #77
Never! Fuddnik Apr 2012 #78
Musical Interlude hamerfan Apr 2012 #79
I like that "Magic, Escapes, and Fraud Mediums Exposed" bread_and_roses Apr 2012 #80
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