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Apple Argued That Buildings at Its Headquarters Were Worth $200, Not $1B, To Reduce Its Tax Bill: Report (sfchronicle.com)
Apple argued that buildings it owned around Cupertino, where it is headquartered, were only worth $200 instead of the $1 billion tax assessors deemed in 2015, according to appeals reviewed by the San Francisco Chronicle. From a report: The report characterized the dispute as part of an aggressive strategy by Apple to lower its tax bills. According to the Chronicle, Apple has 489 open appeals in tax disputes over property assessed at $8.5 billion in Santa Clara County, Calif., dating back to 2004. Those appeals include the $1 billion building assessed by tax officials, as well as another $384 million property that Apple also claims is worth $200. Apple is now valued at $1 trillion. It is also the county's biggest taxpayer, paying $56 million in the 2017-2018 tax year.
I'll take them off their hands for $250.
Yeah, because corporations aren't people.
Wait...didn't the Supreme Court....hmmmm....
Care killed the cat, but satisfaction brought it back.
No need for a valuation. I'll offer Apple 100 times their own valuation. If what they say is true, they should accept my offer.
#DeleteFacebook
This is slashdot, so it's actually more like owning a Rolls Royce Sweptail and calling it a Ford Fiesta.
"I'm not sure I like the fugnutish tone you used in your post!" -RogL (608926)-
I respect the fact you pay extra taxes; means less to pay for the rest of us.
Everyone knows this is how it works too. There's a big pot and the government keeps collecting money until it fills up and after that no one has to pay anymore.
The solution is obvious, the government pays apple $400 for the building and says look you are doubling your money. If anyone complains arrest them for tax fraud.