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Apple Gives Employees $2,500 Bonuses After New Tax Law (bloomberg.com)

Posted by BeauHD on from the trickle-down-economics dept.

Apple told employees that it's issuing a bonus of $2,500 of restricted stock units, following the introduction of the new U.S. tax law. "The iPhone maker will begin issuing grants to most employees worldwide in the coming months," reports Bloomberg. Apple also announced today that it would bring back most of its cash from overseas and spend $30 billion in the U.S. over the next five years. From the report: Apple confirmed the bonuses in response to a Bloomberg inquiry Wednesday. The Cupertino, California-based company joins a growing list of American businesses that have celebrated the introduction of corporate-friendly tax law with one-time bonuses for staff. AT&T, Comcast, JetBlue, and Wal-Mart also said they were giving bonuses.

4 of 277 comments (clear)

  1. Why? by Lynal · · Score: 5, Insightful

    Can any corporate finance experts explain why companies would do this? Should we buy that they're just being generous/trying to foster goodwill?

    1. Re:Why? by Anonymous Coward · · Score: 5, Insightful

      It gives the politicians who give away massive amounts of wealth to the corporations a simple talking point.

    2. Re:Why? by Anonymous Coward · · Score: 5, Insightful

      It gives the politicians who give away massive amounts of wealth to the corporations a simple talking point.

      WTF?!?!!?

      NOT TAKING from the people being governed is now "giv[ing] away massive amounts of wealth"?

      So if I don't rob you at gunpoint, I gave you the contents of your wallet?

      What the fuck is wrong with you?

    3. Re:Why? by cascadingstylesheet · · Score: 5, Insightful

      It gives the politicians who give away massive amounts of wealth to the corporations a simple talking point.

      That's why this move makes very little sense. I've never thought of anybody in Apple's upper echelons as being a Trump supporter by any stretch of the imagination.

      Quite right, they aren't. Puzzling, isn't it?

      Maybe ... just maybe ... a better tax environment is better for business, which is better for paid non-governmental employment. Maybe wascally wepubwicans aren't as awful as you thought.