Friday, April 19, 2024 Checked 12:45 PM; Last Updated 11:35 AM CDT; 16:35 GMT
Talking Heads Discussion
Feb 11, 2013 Headline: "PhillyInc: Apple is buying up Pennsylvania tax credits"" [""The Cupertino, Calif.-based technology Goliath may have more cash than investor David Einhorn believes is prudent, but Apple isn't foolish when comes to taxes. Apple apparently is trying to reduce its tax liability in Pennsylvania by buying up tax credits from other companies here. The Pennsylvania Department of Community and Economic Development's (DCED) annual report on the Keystone Innovation Zone (KIZ) tax credit program lists Apple as having acquired 32 approved tax credits worth $2.33 million in 2012.""] Philadelphia Inquirer