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by kristjansson 1153 days ago
From the linked article[0] in the first paragraph:

> Although Apple isn’t named in the city staff report, the company is Cupertino’s largest source of sales tax revenue. According to the audit, revenue will drop to $11.4 million in the current fiscal year from $42.1 million, and Cupertino may be required to return money to the state that it has received in previous years. The city may have to cut staff and other spending to cover the shortfall.

So I think the 73% number reflects whatever chagnes CDFTA are enforcing to take some of the online sales tax revenue away from Cupertino. Also from that other article, the $107m number appears to reflect total payments from Cupertino to Apple since 1998

> The company remits all sales tax it receives to the state tax department, which then allocates the local portion to Cupertino. The city passes on 35% of its total to Apple. Those payments to Apple have added up to $107.7 million since 1998, according to city payment records examined by Bloomberg Tax.

But TFA is very unclear about the specifics of the state-city-company revenue sharing...

[0]: https://news.bloomberglaw.com/daily-tax-report-state/apples-...