Why Apple Inc. Remains Popular in California
California’s most valuable company – Apple Inc. – has been taking flak lately from the halls of Congress to the capitals of Europe over reports that the consumer electronics giant manages its business to minimize the corporate income taxes it pays to the U.S. and foreign governments.
But you’re not likely to hear too many complaints from California politicians about the company’s contribution to the state and local tax base – or the economy. The taxes Apple pays represent a huge chunk of the state budget, and new numbers show just how big a role it plays in the economic life of the Silicon Valley and especially the company’s home town of Cupertino.



