New York Times:
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.
Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year.
Same here in europe … Apple places its operationd in Ireland or Luxembourg who both have ridicules low tax rates compared to other nations.
Oh, and this the next thing Apple gets all the blame for even tough everyone else does the same thing ?
Count on it…
Microsoft did the Nevada thing long before Apple.
In fact that was against the law of state of Washington.
So Microsoft wrote the law and got it passed
to not have to pay any back taxes or penalties.
here is the link to the story.
http://yro.slashdot.org/story/10/02/15/1957205/Microsoft-To-Get-100M-Annual-Tax-Cut-and-Amnesty