Re:PC obsolescence is obsolete
by MattRogish on Tuesday August 21, 2012 @04:20PM
(#4414588)
According to this article, http://www.nytimes.com/2012/04/29/business/apples-tax-strate... :
"In 1996, 1999 and 2000, for instance, the California Legislature increased the state’s research and development tax credit, permitting hundreds of companies, including Apple, to avoid billions in state taxes, according to legislative analysts. Apple has reported tax savings of $412 million from research and development credits of all sorts since 1996."
$412M on the hundreds of billions Apple has earned since 1996 are pennies. That doesn't seem that much... Are there more?
The R&E credit is a pork barrel scam for big companies with clever accounting departments, of course. But if it's there, why not take it?