Apple Argues Its HQ Is Worth Only $200 To Reduce Tax Burden | The Daily Caller

Apple, history’s first trillion-dollar company, is arguing that a cluster of new buildings at its headquarters is worth only $200 in order to lower its tax burden.

The trillion-dollar tech giant claimed in an appeal the value of the “cluster of properties” is worth $200, not the $1 billion value given by the Santa Clara County’s tax assessor — elected officials who determine property value for tax purposes.

Another appeal claimed that the value of $384 million local officials gave the property was also worth $200, Business Insider reported Tuesday, adding the company might be the largest tax payer in the Santa Clara County, where the Cupertino, California, headquarters are located.

via Apple Argues Its HQ Is Worth Only $200 To Reduce Tax Burden | The Daily Caller