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Getbig Main Boards => Politics and Political Issues Board => Topic started by: polychronopolous on January 17, 2018, 03:06:19 PM
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Obama would have given the American people a stern lecture about how "those jobs are not coming back"
"Be happy with your crumbs of a welfare check"
Apple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years
*Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years.
*It says it will create 20,000 new jobs and open a new campus.
*Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
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.
The company also promised to create 20,000 new jobs and open a new campus.
It said it expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash.
Apple also said it will spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers, the company said.
Apple added that it will spend $5 billion as part of an innovation fund, up from the $1 billion CEO Tim Cook announced last year on CNBC's "Mad Money."
The job creation will include direct employment and also suppliers and its app business, which it had already planned to grow substantially (app developers earned $26.5 billion in 2017.) The new campus will focus on customer support.
Wednesday's announcement indicates that Apple will still have hundreds of billions of dollars in cash. It could spend that money on buybacks, dividends or acquisitions or moonshot projects.
The announcement raises the bar for the world's most valuable company — now a huge driver of the economy — to continue its dominance and growth in the wake of political pressure on big tech companies. The plan calls for Apple to keep up 2018's $55 billion "supercycle" spending rate with domestic suppliers and manufacturers.
"We have a deep sense of responsibility to give back to our country and the people who help make our success possible," Cook said in a statement.
In 2016, then president-elect Donald Trump publicly called out Apple's reliance on its Chinese supply chain, telling The New York Times that he would "get Apple to build a big plant in the United States, or many big plants in the United States."
Apple shares were up about half a percent after the announcement, adding about $5.6 billion to the company's market capitalization after the stock opened Wednesday's trading session down 0.3 percent.
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Damn, beat me too it
"Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years".
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It’s time to bring that money and those jobs back to America where it damn belongs.
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It says it will create 20,000 new jobs and open a new campus.
Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
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It says it will create 20,000 new jobs and open a new campus.
Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
And sadly enough the press and our fellow knuckle dragging getbiggers on here cannot stop obsessing over the President’s waist size or what he ate for lunch.
I guess it shows where their priorities lie. Certainly not progress.
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best president ever
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Straw and andreisashithole primeshithole and agnosticshithole in utter sadness over this.
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(https://2.bp.blogspot.com/-Kb_y08-uDgk/WY9wZfGH1pI/AAAAAAABL1w/tgWYO1LhnrciLuD8ZBdBtykeur7G64LkACLcBGAs/s640/1%2B1%2B1ninetymiles1oRFK1vbx6yro1_540.jpg)
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It says it will create 20,000 new jobs and open a new campus.
Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
Yeah that tax reform isn't going to help the economy according to the dems. ::)
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Obama would have given the American people a stern lecture about how "those jobs are not coming back"
"Be happy with your crumbs of a welfare check"
Apple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years
*Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years.
*It says it will create 20,000 new jobs and open a new campus.
*Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
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.
The company also promised to create 20,000 new jobs and open a new campus.
It said it expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash.
Apple also said it will spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers, the company said.
Apple added that it will spend $5 billion as part of an innovation fund, up from the $1 billion CEO Tim Cook announced last year on CNBC's "Mad Money."
The job creation will include direct employment and also suppliers and its app business, which it had already planned to grow substantially (app developers earned $26.5 billion in 2017.) The new campus will focus on customer support.
Wednesday's announcement indicates that Apple will still have hundreds of billions of dollars in cash. It could spend that money on buybacks, dividends or acquisitions or moonshot projects.
The announcement raises the bar for the world's most valuable company — now a huge driver of the economy — to continue its dominance and growth in the wake of political pressure on big tech companies. The plan calls for Apple to keep up 2018's $55 billion "supercycle" spending rate with domestic suppliers and manufacturers.
"We have a deep sense of responsibility to give back to our country and the people who help make our success possible," Cook said in a statement.
In 2016, then president-elect Donald Trump publicly called out Apple's reliance on its Chinese supply chain, telling The New York Times that he would "get Apple to build a big plant in the United States, or many big plants in the United States."
Apple shares were up about half a percent after the announcement, adding about $5.6 billion to the company's market capitalization after the stock opened Wednesday's trading session down 0.3 percent.
Maybe you should read that more carefully. They are simply moving their money back into the United States...they are also only replenishing some of the jobs they laid off
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Maybe you should read that more carefully. They are simply moving their money back into the United States...they are also only replenishing some of the jobs they laid off
Exactly. Exactly what Osama said couldn't be done.
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Maybe you should read that more carefully. They are simply moving their money back into the United States...they are also only replenishing some of the jobs they laid off
Come on Vince, don't short change what he is doing for the economy, this right here is because of his tax legislation. How's your 401k/retirement doing right now?
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Liberals don’t want to accept that people and businesses shop price. Taxes and regulations are prices. If they’re too high people and companies are going to go elsewhere. That’s what happens in Bernie Sanders Vermont. People who want to start a business go next-door to New Hampshire.
Hell, I know a guy who worked for the New York State Department of taxation. When he retired he immediately moved to Florida. Why? Lower taxes!
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8)