Posted inCorruption / News / Tax

Apple Gets $208 Million in Tax Breaks to Build Iowa Data Center

Iowa approved a deal Thursday to give Apple $208 million in state and local tax breaks to build two data storage centers near Des Moines and to create at least 50 jobs — a pact that critics quickly panned. The deal approved by the Iowa Economic Development Authority includes a refund of $19.6 million in state sale taxes for Apple Inc. and a $188 million break on property taxes from Waukee, a booming suburb bordering Des Moines.

— source bloomberg.com 2017-08-31

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