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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
(Score: 5, Insightful) by Anonymous Coward on Friday January 19 2018, @04:36AM (6 children)
They just want to further entrench the idea that tax cuts for corporations and the rich result in more jobs, higher wages, more investments, etc. Many of these corporations are either providing benefits that don't last (a one-time bonus) or doing doing things they already planned to do anyway and then claiming it's because of the tax cut. Suckers are falling for this in droves.
(Score: 4, Insightful) by Azuma Hazuki on Friday January 19 2018, @04:43AM (5 children)
Yeah, and one of them is the first post(er) in this thread. Utterly predictable. I wouldn't believe someone could be this stupid, this self-servingly gullible, if I didn't see it on a daily basis.
I am "that girl" your mother warned you about...
(Score: 0, Troll) by Anonymous Coward on Friday January 19 2018, @05:09AM (4 children)
Right there, in that comment:
Yep. That's about you. You dismiss facts which fail to affirm your feelings.
(Score: 0) by Anonymous Coward on Friday January 19 2018, @12:13PM
People who disagree with me are all closed-minded fools who are just ignoring facts. Saying that means I automatically win the argument.
(Score: 2) by Runaway1956 on Friday January 19 2018, @07:06PM (1 child)
Feelies? See my sig . . . damned liberals.
(Score: 0) by Anonymous Coward on Friday January 19 2018, @09:41PM
Youussa is a biiiiiiiig floopajabba. Shoulda learnad better readings skills. Maybe youssa could jump into da dumpsta fyre.
(Score: 2) by Azuma Hazuki on Friday January 19 2018, @09:12PM
You're obsessed with me, guy. Sorry to break this to you, but 1) I've got a girlfriend, soon to be wife and 2) I'm gay, so your chances are about the same as...well, as this not being a gigantic propaganda operation. Cry some more.
I am "that girl" your mother warned you about...