Apple Inc (AAPL.O) will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
This is in addition to Apple giving employees $2500 bonuses today.
What, no comments?!! It’s been five hours since Jim posted this!
Guess it’s getting harder and harder to come up with negative spins on really good news!
I was wondering what Apple’s response to the new Tax Bill would be—especially the re-patriation of their cash horde.
Can’t wait to find out where the new campus is going to be! Hopefully NOT in California!
Not California or Texas; Tim Cook said so in a recent interview.
It’ll be a chance for Apple to “spread the wealth (of jobs)” more broadly.
Wow!
The repatriation of cash is because of the crippling tax bill the Republicans put forth. Be prepared for a $1.5 trillion deficit in the next then years.
Cali makes sense for high-paid types of jobs, because its overall desirability attracts highly talented people. A campus for phone support would be better placed in a lower-wage state. Probably not the south, because you’d want neutrally-accented speakers. Somewhere in the midwest, perhaps; or maybe the non-coastal west.