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lazard

macrumors 68000
Original poster
Jul 23, 2012
1,608
818
Concerns over Apple's elaborate efforts to reduce its tax bill are nothing new. The company — which hit a historic $1 trillion valuation this month — was punished in 2016 for a tax deal in Ireland, which the EU said amounted to illegal state aid.

But a newly discovered tactic has reignited the debate about the company's tax contributions. The San Francisco Chronicle reported over the weekend that Apple was "aggressive in opposing tax assessors," the public officials who determine the value of property for tax reasons.

Apple may be the biggest taxpayer in Santa Clara County, where its Cupertino headquarters is based, but The Chronicle said it had 489 open tax appeals in the area, disputing $8.5 billion (£6.7 billion) in property value.

In a 2015 appeal, Apple claimed that a "cluster of properties" around Apple Park was worth $200, rather than the $1 billion figure alighted on by Santa Clara County's tax assessor. In another, Apple said a property valued at $384 million by local officials was also worth $200, The Chronicle said.

"These are major cases, and publicly, they kind of go under the radar screen," Santa Clara County assessor Larry Stone said. Companies are prepared to spend millions of dollars on lawyers to appeal tax rulings, he added, "but there’s millions at stake."

Business Insider has contacted Apple for comment. The company declined to comment when approached by The Chronicle.

Apple CEO Tim Cook has said the firm pays its taxes properly. "In every country where we operate, Apple follows the law and we pay all the taxes we owe," Cook said in an open letter in 2016.


https://finance.yahoo.com/news/apple-reportedly-arguing-buildings-headquarters-102957439.html
 

halluxsinister

macrumors regular
Oct 17, 2017
185
196
Concerns over Apple's elaborate efforts to reduce its tax bill are nothing new. The company — which hit a historic $1 trillion valuation this month — was punished in 2016 for a tax deal in Ireland, which the EU said amounted to illegal state aid.

But a newly discovered tactic has reignited the debate about the company's tax contributions. The San Francisco Chronicle reported over the weekend that Apple was "aggressive in opposing tax assessors," the public officials who determine the value of property for tax reasons.

Apple may be the biggest taxpayer in Santa Clara County, where its Cupertino headquarters is based, but The Chronicle said it had 489 open tax appeals in the area, disputing $8.5 billion (£6.7 billion) in property value.

In a 2015 appeal, Apple claimed that a "cluster of properties" around Apple Park was worth $200, rather than the $1 billion figure alighted on by Santa Clara County's tax assessor. In another, Apple said a property valued at $384 million by local officials was also worth $200, The Chronicle said.

"These are major cases, and publicly, they kind of go under the radar screen," Santa Clara County assessor Larry Stone said. Companies are prepared to spend millions of dollars on lawyers to appeal tax rulings, he added, "but there’s millions at stake."

Business Insider has contacted Apple for comment. The company declined to comment when approached by The Chronicle.

Apple CEO Tim Cook has said the firm pays its taxes properly. "In every country where we operate, Apple follows the law and we pay all the taxes we owe," Cook said in an open letter in 2016.


https://finance.yahoo.com/news/apple-reportedly-arguing-buildings-headquarters-102957439.html

Whenever someone pulls something like this, the taxing authority should IMMEDIATELY SEIZE IT under eminent domain, and give Apple the $200 they claim it's worth. When they object, just hand them the original bill for all the taxes they actually owe; if they don't pay it, give Apple $200, seizing the property itself and all things IN/ON the property, and any Apple-Person who tries to remove anything, or refuses to leave, arrest and toss in prison for theft. That should hopefully get the word through to them, all these over-privileged, overindulged, that one way or another, they WILL pay their taxes.
 

Wondercow

macrumors 6502a
Aug 27, 2008
559
365
Toronto, Canada
[Apple] was punished in 2016 for a tax deal in Ireland, which the EU said amounted to illegal state aid.
No, they weren’t. There’s nothing punitive in the EU's ruling—and it wasn’t even against Apple. Ireland, not Apple, has been taken to court and compelled to collect back taxes.

Apple did nothing wrong in the eyes of the law and thus has not been sued, charged, or punished.
 
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