Nothing is mentioned about payrolls that are taxed, and other revenue generated by Apple in the local area. I remember seeing the video of Steve Jobs, in one of his last public appearances, appearing before the Cupertino council to get approval for this new building and getting push from these politicos for free WiFi and other benefits.
This article is poorly written, and written by somebody who doesn’t understand the difference between property tax and business profit tax. After reading it, I have no idea if Apple pays full property tax, or if the city was dumb enough to give them an incentive. And unless this city has a payroll tax, any discussion of off-shore accounts etc is moot, as far as this mayor is concerned.
The money quote from the mayor:
“Chang is now working on proposals for a business employer tax that would make companies with more than 100 workers pay $1,000 per employee.”
Great plan.
Property values in Cupertino sure didn’t go down as a result of the Apple campus being set there....are cupertino homeowners as ungrateful as this guy?