The city of Cupertino in California—Apple Inc.’s hometown—is looking for ways to cope with financial challenges in anticipation of upcoming “significant revenue shortfalls,” according to city officials, after its special tax agreement with the tech giant reportedly came under scrutiny by state regulators. During an April 13 city council meeting, city staff projected a 73…
Apple’s Hometown City Braces for 73 Percent Drop in Tax Revenue Amid State Audit
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