Love @GavinNewsom but gotta agree with @AnandWrites https://twitter.com/AnandWrites/status/1141088503859687424 …
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Also, all that offshore tech $ booked in Ireland, Nevada, or Bahamas does more than just lower Apple’s federal tax bill.
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Federal tax and California tax are two very different ballgames.
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It’s part of CA’s formula. Silicon Valley is filled with hundred million dollar tech campuses being taxed at 1970s and 1980s valuations.
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If they construct or build a new campus like Apple AC2, it gets re-assessed.
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I'm generally a big fan of
@AnandWrites - if this is an improper take I'd love to hear you correct it. Or point me to resources on why this is not correct. Thank you!Thanks. Twitter will use this to make your timeline better. UndoUndo
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