There’s nothing new, really.
Companies tend to seek legislative loopholes to reduce the tax burden whenever they can.
It’s somewhat understandable, considering the fact that the very reason for a company’s existence is to make a profit for its shareholders.
The more the better.
Arguing that some buildings appraised by tax assessors to over $1 billion with a ‘b” are worth only $200 each, is something else altogether.
Maybe there's some clever accounting involved there, but c’mon…
We’re talking a couple orders of magnitude here.
Hilarious, isn’t it?
A gigantic company that just recently pushed its market cap to over $1 trillion with a “t” has more than enough money to mess up with the tax man.
And this is how a childhood question finds an unexpected answer:
“What do you want to be when you grow up?”
“Apple - too big to care or to share!”
You can read more about this here.
