In a recent study co-authored by Nathan Goldman, assistant professor of accounting, and Erynn Stainback, lecturer in accounting, North Carolina has come out on top with the new deal with Apple. With an estimated 3,000 new jobs created by Apple, the state could yield another $56 million a year in various taxes.
“Are the tax benefits that they’re going to provide to the state and to the local municipalities — are those going to be greater than the benefits that we have to give to that company, the cost to the state?” said Goldman. “It can be recouped in as little as 4-7 years if you start adding in some of these other things that are going to be occurring simultaneously with the new employees that are coming in.”
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