Shulou(Shulou.com)11/24 Report--

CTOnews.com, Aug. 18 (Xinhua)-- California tax authorities want to amend existing tax laws, adjust sales tax, and require Apple to repay at least $20 million (CTOnews.com Note: about 146 million yuan) in taxes, according to Bloomberg.

The report says dozens of cities in California have reached agreements with retail giants such as Apple, Best Buy and Wal-Mart, which pay taxes based on warehouses and sales offices.

In return, these cities return part of the sales tax levied to these companies in the name of economic development.

According to a report released by CDTFA, 2/3 of the participating cities suffered tax losses, and fewer than 30 cities brought wealth.

Bloomberg reported that Apple received $107.7 million (currently about 786 million yuan) in compensation between 1998 and the end of 2022.

The California tax department wants to change this method of taxation, saying it affects 73% of annual sales tax revenue.

California tax authorities have appealed to the state government, and if the state tax authorities win, Apple may be asked to repay at least $20 million received from the state.

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