Apr 29
2012
Is Apple rotten to the core?
The New York Times on Sunday published yet another damning investigation on the business practices of Apple. Among the key findings: Apple has exploited the tax code, both here and aboard. According to The 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[...]