Apple still got 'generous' tax breaks, without clear job creation plans

Apple still got 'generous' tax breaks, without clear job creation plans

Apple still got 'generous' tax breaks, without clear job creation plans

By / Finance / Monday, 17 December 2018 04:23

Apple’s search for its new campus is pretty low-key compared to another tech giant, Amazon. But even without the public bidding war, Apple received good tax breaks and money from the local governments.

Since the tech giant announced its $1 billion investment in Austin, Texas on Thursday, more details about incentives from the state and local county have emerged. The state of Texas has offered Apple as much as $25 million grants from the Texas Enterprise Fund. Apple also is seeking a 15-year property tax abatement of 65% from Williamson County, where the new campus will be located, according to the contract between Apple and the county.

 

Read more at Yahoo.

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NexPro Media Staff

NexPro Media Staff

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