Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
Apple "Apple, the world's most profitable technology company, doesn't design iPhones here. It doesn't run AppleCare customer service from this city. And it doesn't manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states." Sure, this is all legal for companies to do (and Apple obviously isn't alone) but it does show you how much sense of morality companies have. Answer: none. But hey, it's legal, and the law is never wrong, right?
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California has a unitary corporate income tax. That means they tax all corporate transactions no matter where in the world they occur. For example the profit on an iPhone made in China that is sold to a Chinese citizen and that phone has never been near California.

A tax like that is a good way to drive multinational corporate headquarters out of your state and they appear to be succeeding. Nevada doesn't have a silly tax like that.

I believe California is the only state with unitary taxation.

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