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Jtalk4456

Apple's claiming their headquarters is worth only $200

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2 minutes ago, LordOTaco said:

I'll raise it to $202

Fuck it, I'm going all in. 400 dollars for the entirety of the trillion dollar company's headquarters!


i5 6600k and GTX 1070 but I play 1600-900. 1440p BABY!

Still, don't put too much faith in my buying decisions. xD 

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3 minutes ago, LordOTaco said:

I'll raise it to $202

I'll do $300


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1 minute ago, Konrad_K said:

500, 500 and..... SOLD! 

Damn, I really let a big one go there. Unfortunately, I didn't have enough money to buy the 175 ACRE CAMPUS MADE OF GLASS WITH A FUCKING ORCHARD IN THE MIDDLE


i5 6600k and GTX 1070 but I play 1600-900. 1440p BABY!

Still, don't put too much faith in my buying decisions. xD 

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You can't even buy a decent iPhone with $200 xD 


i5 6600k and GTX 1070 but I play 1600-900. 1440p BABY!

Still, don't put too much faith in my buying decisions. xD 

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As usual, they're technically not lying or doing anything illegal - at least not until proven otherwise.

That's why they have expensive lawyers and accountants to make sure they don't pay fuck all in taxes.

So if they can get away with claiming the campus is worth $200 then they've probably had their people find every loophole, taxcut and write-off they could scrounge up to reduce the listed value.

 

I wouldn't be surprised if they had a way of reducing the value by pulling something like having a shell company own the property and then have the company be indebted to another shell company by an amount similar to its actual value and therefore be worth nothing or something like that. I have no knowledge of real estate, accounting or law so that's just a guess on how to do it. However I'm probably wrong or if right at all, then at least oversimplifying it.

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I don't know what the American equivalent of a compulsory purchase order is, (where land and buildings have to be sold to the goverment to make way for things like roads), but make a law saying these tax assessments will be used to set the compensation for compulsory purchase orders and you won't get companies like Apple trying to claim hi-tech 21st buildings on acres of land are only worth $200! Either that or the government can get some bargains and sell them on to competitors with a very nice profit margin!

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Just now, Afrocomb said:

I don't know what the American equivalent of a compulsory purchase order is, (where land and buildings have to be sold to the goverment to make way for things like roads), but make a law saying these tax assessments will be used to set the compensation for compulsory purchase orders and you won't get companies like Apple trying to claim hi-tech 21st buildings on acres of land are only worth $200! Either that or the government can get some bargains and sell them on to competitors with a very nice profit margin!

Eminent Domain is the murica equivalent

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I'll take 5.


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I mean it can't be that expensive to buy a landfill


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1 minute ago, YedZed said:

You can't even buy a decent iPhone with $200 xD 

You can from shady Joe down the street!

 

3254371700000578-3498489-image-a-21_1458305678476.jpg.35d8c60611bd77f524b6016c15fdc75f.jpg

... wait a minute.


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1 minute ago, EarthWormJM2 said:

 

... wait a minute.

Yeah these are way better than iPhones, so at least like $250


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Posted · Original PosterOP
22 hours ago, Trixanity said:

As usual, they're technically not lying or doing anything illegal - at least not until proven otherwise.

That's why they have expensive lawyers and accountants to make sure they don't pay fuck all in taxes.

So if they can get away with claiming the campus is worth $200 then they've probably had their people find every loophole, taxcut and write-off they could scrounge up to reduce the listed value.

 

I wouldn't be surprised if they had a way of reducing the value by pulling something like having a shell company own the property and then have the company be indebted to another shell company by an amount similar to its actual value and therefore be worth nothing or something like that. I have no knowledge of real estate, accounting or law so that's just a guess on how to do it. However I'm probably wrong or if right at all, then at least oversimplifying it.

From reading the part where they have close to 500 claims open in court, i'd say their intention is not to win, but to keep it in court and never pay the actual taxes. The amount they'll pay in legal fees is nothing compared to taxes on a billion dollar property

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