Apple coming back home Tax break helps create US jobs

Apple has long been criticized for its
huge cash pile of some 250 billion
dollars that it made through its foreign
subsidiaries but refused to repatriate
to the US in order to avoid paying US
taxes.

that's 94 percent of its total cash
under the new tax bill passed at the end
of last year Apple and other
multinationals got what they long wanted
a reduction in the tax rate on those
holdings from 38 percent to 15 and a
half percent however Apple has to pay
that fifteen and a half percent whether
it Repat raise the money or not
on Wednesday Apple announced its tax
bill will come to 38 billion dollars a
saving of some forty two billion dollars
according to analysts the company also
announced it will open a new campus in
the u.s. hire 20,000 more employees and
spend 350 billion dollars over the next
five years this is really good for
Apple's PR without a doubt they're
talking about an Innovation Fund jobs
money back in the the pockets of their
employees and money being repatriated so
this is a win-win all around
however it's not clear whether the
expansion plans are new and Apple hasn't
announced any changes to its
manufacturing model which is based
around Asian factories nor is it clear
how much of its money it plans to
repatriate at all
analysts say much of any repatriated
money may go to paying down the ninety
seven billion dollars in debt that it
incurred as it rewarded its shareholders
in stock buybacks and dividends and in
giving its shareholders even more
billions of dollars and that could spark
controversy without the announcement of
the new campus and more job creation in
the US but as for those jobs at the new
campus many will be in technical support
no location has yet been announced but
according to reports they will be paid
an average of $36,000 a year
other investments will be in expanded
data centers around the u.s. warehouses
for equipment this is an announcement
it's sure to be capitalized on by
President Trump who criticized the
company during the presidential election
campaign and on Wednesday the Dow Jones
had 26,000 points for the first time an
indicator that the president is used to
suggest a booming economy Apple's shares
also hit a record close
price so it seems like president Trump's
plan is working as he laid it out
tax reform tax cuts he wanted seemed to
be taking effect in a very meaningful
way in that jobs are gonna be coming
back overseas and most importantly money
that's been overseas is coming back but
the main beneficiaries off the Dow's
rally and apple's announcement will be
the minority of Americans already raking
in the cash from their stock market
investments she averaged hansi.