Apple to invest 350 Billion in US economy and bring back most of overseas cash

[Tintrlvr]

If they continued the same level of annual investment in the US as in 2017 over the next five years, they would have invested $300 billion in the US over the next five years, so it's not a big change, if it's even actually related to the tax plan at all. Apple's job growth in the US was actually 5,000 jobs last year, so 20,000 jobs over five years implies a slowdown in annual US hiring.

[Tintrlvr]

If they continued the same level of annual investment in the US as in 2017 over the next five years, they would have invested $300 billion over the next five years, so it's not a big change, if it's even actually related to the tax plan at all.

Read the article



they plan to bring repatriate nearly all of its 250 billion overseas cash

That doesn't mean anything other than a one-time tax payment. They don't have to spend it once it's brought back.

Be on the lookout for companies looking for good press from the tax plan while not actually doing anything. Skepticism is appropriate.

[Tintrlvr]

If they continued the same level of annual investment in the US as in 2017 over the next five years, they would have invested $300 billion over the next five years, so it's not a big change, if it's even actually related to the tax plan at all.

Read the article



they plan to bring repatriate nearly all of its 250 billion overseas cash

That doesn't mean anything other than a one-time tax payment. They don't have to spend it once it's brought back.

Tim Cook cites one of the reason they did this was because of the Tax Reform.

Of course he does, and there is no question that the repatriation is due to Apple's long-term gamble that there would be a tax holiday on repatriations paying off. Skepticism is appropriate.

Did you read the rest of my post? They were already on track for a similar level of investment and similar job growth in the US over the next five years if they did the exact same thing as in 2017 in 2018-2023.

[Tintrlvr]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).