Apple: billions in investments and taxes over 5 years
(CercleFinance.com) - Apple has provided forecasts for investment, job creations.
.. and tax, in the wake of the tax law passed by Congress at the end of 2017. In all, they amount to 350 billion dollars over five years.
In addition to lowering US corporate tax, Donald Trump's reform also reduces the taxation of business-generated cash (resulting from profits) held abroad.
In short, the tech giant from Cupertino estimates its contribution to the US economy over the next five years at 350 billion dollars. These amounts particularly include purchases from local suppliers.
Apple, which currently employs 84,000 people in the US, intends to "create" 20,000 more jobs over the next five years, without knowing whether these will be direct or induced jobs. It also wants to invest 30 billion dollars over the period, particularly creating an "Apple Campus," and by investing 10 billion dollars in data centers.
The endowment of the Advanced Manufacturing Fund, created last spring, will increase from one to five billion dollars.
Apple, which is already the biggest taxpayer in the United States, believes it will pay 38 billion dollars in taxes to repatriate cash that it holds outside its borders. According to various analysts, this is around 250 billion dollars, a record for a US company.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
.. and tax, in the wake of the tax law passed by Congress at the end of 2017. In all, they amount to 350 billion dollars over five years.
In addition to lowering US corporate tax, Donald Trump's reform also reduces the taxation of business-generated cash (resulting from profits) held abroad.
In short, the tech giant from Cupertino estimates its contribution to the US economy over the next five years at 350 billion dollars. These amounts particularly include purchases from local suppliers.
Apple, which currently employs 84,000 people in the US, intends to "create" 20,000 more jobs over the next five years, without knowing whether these will be direct or induced jobs. It also wants to invest 30 billion dollars over the period, particularly creating an "Apple Campus," and by investing 10 billion dollars in data centers.
The endowment of the Advanced Manufacturing Fund, created last spring, will increase from one to five billion dollars.
Apple, which is already the biggest taxpayer in the United States, believes it will pay 38 billion dollars in taxes to repatriate cash that it holds outside its borders. According to various analysts, this is around 250 billion dollars, a record for a US company.
Copyright (c) 2018 CercleFinance.com. All rights reserved.