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posted by martyb on Friday January 19 2018, @02:48AM   Printer-friendly
from the a-billion-here-and-a-billion-there...-now-you're-starting-to-talk-about-real-money dept.

Apple invests $350 billion (with a "B") in USA over next 5 years

https://www.apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/:

Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store. Apple is already responsible for creating and supporting over 2 million jobs across the United States and expects to generate even more jobs as a result of the initiatives being announced today.

Combining new investments and Apple's current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple's direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple's ongoing tax payments, the tax revenues generated from employees' wages and the sale of Apple products.

[...] "Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made."

Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are doing a $245 billion repatriation. Apple had $252.3 billion in overseas cash as of the end of September quarter, according to SEC filings so that means the company is bringing back nearly all of its foreign cash.

Apple announces plans to repatriate billions in overseas cash and contribute $350B to US economy!

"Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law.

The headline from Apple is that it will make a $350 billion 'contribution' to the U.S. economy over the next five years, although it's unclear exactly how the company came to that number." https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html


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  • (Score: 4, Informative) by Apparition on Friday January 19 2018, @03:36AM (4 children)

    by Apparition (6835) on Friday January 19 2018, @03:36AM (#624553) Journal

    It's directly attributable to Donald Trump. Sadly, it's a video, but here you go [go.com].

    ABC's Rebecca Jarvis: “Without these policy changes, would you be able to announce today the creation of 20,000 new jobs?”

    Tim Cook: “No, there clearly—let me be clear, there are large parts of this that are results of the tax reform, and there are large parts of this that we would have done in any situation."

    Starting Score:    1  point
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       Informative=3, Total=3
    Extra 'Informative' Modifier   0  

    Total Score:   4  
  • (Score: -1, Spam) by Anonymous Coward on Friday January 19 2018, @03:56AM

    by Anonymous Coward on Friday January 19 2018, @03:56AM (#624563)

    Three men dressed in black walk into a hospital and head towards the front desk. Even a cursory glance would tell one that these men are dangerous. One of the men pulls a large amount of money out of his pocket and hands it to the nurse at the front desk. The man holding the money says, while wearing an evil grin, "You know..." A disgusting smile appears on the nurse's face, and she then accepts the money. All three men travel to a particular room in the hospital.

    Soon after, a woman walks up to the front desk to see one of her family members. The woman tells the lady at the front desk who she wishes to visit, but the receptionist simply gasps. "That room was Marked By 'P'! You can't go in there now!"

    Elsewhere, the three men were now naked in a certain room. That room had a male patient who was unconscious due to drugs the doctors gave him at the behest of the men. The men were all raping the patient in various different ways. One man was was raping the patient's ass. Another man had slit open the man's belly and was jabbing his dick inside it. The last man was shoving his genitals in the patient's face repeatedly. All three of them would shout "Utilize like this!" at random intervals.

    In the very same room, there were men who looked to be employees from a cleaning company. They were testing upright vacuums to see which one was most effective at removing dirt and grime from a rug placed in the room. The cleaning company employees would discuss the technical details of the vacuums they were testing amongst themselves, all the while ignoring the men raping the patient as if they simply did not exist.

    Finally, the three men were done raping the patient. "Garbage has met its use..." one of them said. Before they departed, they shoved medical knives and needles into the patient's asshole.

    After the men left, the sign on the outside of the door to the room they were in instantly changed from a number to the word "USED". The woman who wanted to visit a family member walked up to the room, read the sign, and looked absolutely disgusted. She then walked away, as if there was nothing of value in that room any longer.

  • (Score: 2) by realDonaldTrump on Friday January 19 2018, @01:58PM (1 child)

    by realDonaldTrump (6614) on Friday January 19 2018, @01:58PM (#624677) Homepage Journal

    Thank you. APPLE IS BRINGING BACK JOBS!!!! Because of me.

    • (Score: 1, Insightful) by Anonymous Coward on Friday January 19 2018, @03:03PM

      by Anonymous Coward on Friday January 19 2018, @03:03PM (#624698)

      APPLE IS BRINGING BACK JOBS!!!!

      They are resurrecting Steve?

  • (Score: 0) by Anonymous Coward on Friday January 19 2018, @05:12PM

    by Anonymous Coward on Friday January 19 2018, @05:12PM (#624775)

    Meanwhile, hundreds of billions in public healthcare gets clawed back. The USA is now a country that suffers from parasitic worms caused by horrible sanitary conditions. The USA is now a country where getting the flu can mean death because emergency care is underfunded and ill equipped. The USA is now a 3rd world country.

    Perhaps Apple is investing in some new Foxconn factories. How much of this money will be spent investing in suicide nets for workers in 3rd world countries like the USA?