Tax Windfall For Silicon Valley Thanks To Tech Giants
The economic news in the Bay Area has been surprisingly good recently. And the recent reports continue that trend.
Check out this article called “Tech giants’ spending brings tax windfall as Silicon Valley booms” by Pete Carey and learn about the windfall that has come to the valley…
“SAN JOSE — Google (GOOG) expanded with the speed of a supernova last year, spending more than $400 million dollars on new equipment for its growing ‘Googleplex’ in Mountain View.”
“That growth is reflected in data compiled annually by the Santa Clara County Assessor’s Office, which taxes business ‘personal property’ such as computers, servers, copiers and office furniture separately from land and buildings.”
“Google led valley companies with $483 million in new business personal property last year, followed by data center Xeres Ventures of Santa Clara, Apple (AAPL) of Cupertino, Intel (INTC) of Santa Clara and Juniper Networks in Sunnyvale. Just seven companies spent a combined $1.1 billion on equipment and furnishings for expansions.”
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