California wants to end Cupertino's tax deal with Apple

Apple's home city of Cupertino faces losing almost $60 million after California authorities declare that the company's tax should be shared across the state.Apple ParkIn a move similar in principle to how the EU retrospectively sought to fine Apple over its tax agreement with Ireland, the California Department of Tax and Fee Administration (CDTFA) is changing the company's arrangement with Cupertino. Since 1998, Apple has declared all of its online sales made in California as having taken place in Cupertino. Read more...