Apple is bringing billions back from overseas operations
Wall Street Journal:
The Washington Post puts the projected spending significantly higher.
Apple Plans to Pay $38 Billion in Repatriation TaxesAnother story that proves the Democrat narrative about the tax cuts was dead wrong. Will the media try to bury this good news for the treasury and for job seekers?
As of last September, Apple had $252.3 billion in cash or cash equivalents abroad
Apple Inc. said it would make a one-time tax payment of $38 billion to repatriate overseas cash holdings and also ramp up its spending in the U.S., as it seeks to emphasize its contributions to the U.S. economy after years of taking criticism for outsourcing manufacturing to China.
The tech giant said Wednesday it plans $30 billion in capital spending in the U.S. over five years that will create more than 20,000 new jobs. It didn’t specify how much of that spending was already planned....
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The Washington Post puts the projected spending significantly higher.
Apple pledges to spend $350 billion and bring 20,000 jobs to the U.S. within next five years
The announcement comes after recent corporate tax changes and a greater push to increase manufacturing in the U.S.
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