Apple’s Agreement With Cupertino Is Taxpayer-Fleecing Collusion

Apple Inc.’s tax agreement with its hometown of Cupertino, Calif., is under scrutiny by state regulators. At issue is an agreement wherein Apple assigns its online purchases in the state of California as though they were made within the confines of Cupertino, which allows the city to reap rewards via the 1% allocation from the 9.125% sales tax rate for purchases made in the city.

That seems like a good deal for Cupertino. So what’s in it for Apple?

The agreement outlines that 35% of that local portion that is returned to Cupertino is handed by the city to ...