Apple to Build $1B Server Farm in North Carolina
charlotteobserver.com
charlotteobserver.com
It makes sense to me as there's a big overall shift in that direction. Thoughts?
1) Don't give any tax break. Apple will likely go elsewhere, and the town doesn't get any additional tax revenue.
2) Give Apple a break on some fraction of their taxes, amounting to $46m. They will still get some tax revenue from Apple.
It's like saying a store is giving money when it puts a product on sale. The town is just lowering the price to sell more goods.
Don't these schemes seem illegal under the 14th amendment?