New report this weekend SF Chronicle Apple is strongly claiming to lower the tax burden in his county in Santa Clara, California. The report explains that Apple is the main appellant of tax assessment within the county that has more than 400 open lawsuits since 2004.
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According to the report, since 2004, Apple has currently filed 489 tax appeals. The company is contesting the $ 8.5 billion real estate value. This is common to Silicon Valley high-tech companies. Apple is the largest taxpayer in Santa Clara and pays 56 million dollars for the 2017 – 2018 tax year.
In Santa Clara County, 489 public action lawsuits have been brought up by 2004 and Apple is a powerful appeal of tax assessment as conflicting property value of US $ 8.5 billion. Apple is the largest taxpayer in the county and pays 56 million dollars at the tax rate of 2017-1818.
Apple's action filed in 2015 claims that some real estate that surrounds Apple Park is worth just 200 US dollars, but the county values it as $ 1 billion. Another appeal application revealed assets that the evaluator valued at $ 384 million, but Apple claimed that it was worth $ 200.
High-tech enterprises such as Apple, Google, Sun Microsystems, Applied Materials, etc. in Santa Clara County, home of Cupertino, reported that it accounts for more than half of the $ 76 billion assessment.
Santa Clara Associe Rally Stone explained that the cause of many discrepancies is "high-tech equipment" which is difficult to evaluate due to complicated depreciation rules.
Mr. Stone said, "Our company's advancement and the complexity of the high-tech industry are different." "Machine, equipment, computers, fixtures … everything goes into Apple …