Love @GavinNewsom but gotta agree with @AnandWrites https://twitter.com/AnandWrites/status/1141088503859687424 …
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That’s not how California works.
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Replying to @kimmaicutler @karaswisher and
Also, all that offshore tech $ booked in Ireland, Nevada, or Bahamas does more than just lower Apple’s federal tax bill.
1 reply 0 retweets 0 likes -
Replying to @DarwinBondGraha @karaswisher and
Federal tax and California tax are two very different ballgames.
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Replying to @kimmaicutler @karaswisher and
That’s what I said. There are armies of lawyers in SF and SV devising tax avoidance strategies for both levels.
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Replying to @DarwinBondGraha @karaswisher and
State and municipal tax is waaaaaaay easier than federal.
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Replying to @kimmaicutler @karaswisher and
I could tell many stories about how tech firms lobbied their way into lower municipal taxes in Oakland, Berkeley, SF, etc.
1 reply 0 retweets 2 likes
Berkeley and Oakland still don’t have any or many particularly large cos. Square still hasn’t moved in. But CA makes up for some of it on the income tax side as it has the most progressive PIT in the country.
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