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Apple Says It Will 'Contribute' $350 Billion in the US Economy Over the Next 5 Years (cnbc.com)
Apple said on Wednesday it will invest $350 billion in the U.S. economy over the next five years, touting the creation of 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. From a report: The company said it expects tax repatriation payments of about $38 billion, indicating that it will bring a portion of its $250 billion overseas cash back to the U.S. As of November, the company had $268.9 billion in cash, both domestically and overseas. The job creation will focus on direct employment, but also suppliers and its app business, which it had already planned to grow substantially. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible," chief executive Tim Cook said in a statement.
...in a positive light?
In debates about Christianity, there are two groups: those looking for answers, and those looking to just ask questions.
They were able to do that due to tax laws duly voted into existence by Congress. Or, by the unintended consequences of tax laws duly voted into existence by Congress.
Means, they did nothing illegal. As most companies who did similar things did nothing illegal.
The new Tax laws lesson the incentive to keep cash overseas. Add to that the Bully Pulpit effect and you have cash coming home and being taxed, albeit at a lower rate than if it were raised here. But to you want 30% of nothing or 10% of something?
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
Who cares about "illegal"? This is Apple. They claim to be good global citizens. Meanwhile they are using slave labor to build their products and actively trying to avoid paying taxes. So they need to drop the whole SJW, good company act. Hypocrites.
Companies have been re-branding existing expansions as the result of Dear Leader since election day.
Why should I now believe this expansion happened because of Trump or the tax law? It's not like Apple was previously short of cash or didn't need to expand their workforce.
I stole this Sig
... upon his turban and predicts:
Swami Anderson knows all, tells all
Suppose you were an idiot and suppose you were a member of Congress
"There are a few factors."
There's only one.
Trump allows them to pay only 8% taxes on the hundreds of billions they bunkered offshore and they'll distribute that as tax-free dividends to their shareholders.
Apparently haver low corporate rates AND low personal rates is the best idea since we flourish while they languish.
False. Europe is flourishing despite having high personal tax rates. Lower debt, higher standard of living. European countries are consistently ranked at the top in worldwide surveys for quality of life and happiness in general, not to mention education. Guess where the U.S. ranks in those categories? Like broadband, not even in the top 10 of the world.
As to the canard of paying more than one has to for taxes, look at Mississippi and Alabama for what happens when people think paying taxes is wrong. Talk about shitholes.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower