Apple says it plans a $350B “direct contribution” to US economy over next five years through repatriating overseas profits, new infrastructure projects, more
does Seattle have room? Anna Hensel / VentureBeat : Relax, Apple's new campus is no Amazon HQ2 Timothy B. Lee / Ars Technica : Apple to pay $38 billion in US taxes on overseas cash Brett Samuels / The Hill : Apple plans to generate $350B, create 20K jobs in US next five years Roger Fingas / AppleInsider : Apple stock climbs on word of planned US investments & repatriated cash [u] Bryan Chaffin / The Mac Observer : Apple Commits $350 Billion to U.S. Economy Over 5 Years, a Mix Of New and Existing Plans and Taxes Wayne Williams / BetaNews : Apple plans to invest $350 billion in the US economy in the next 5 years Evan Selleck / iPhone Hacks : Apple Announces Plans for a New Campus, Plans $350 Billion Over 5 Years to Boost U.S. Economy, and More Jordan Novet / CNBC : Apple will boost its spending on data centers by $10 billion over the next 5 years Mike Flaminio / Insanely Great Mac : Apple announces 5-year plan for investments, hiring Sasha Lekach / Mashable : Apple is opening another campus, but won't say where yet Gary Ng / iPhone in Canada Blog : Apple Details $350 Billion Contribution to US Economy Over Next 5 Years Hayley Tsukayama / Washington Post : Apple pledges to spend $350 billion and bring 20,000 jobs to the U.S. within next five years Patrick Sisson / Curbed : Apple announces second campus, promises to bring 20,000 jobs Terry Collins / CNET : Apple to invest $30 billion, add 20,000 jobs over next 5 years Ryan Christoffel / MacStories : Apple Announces New Campus in the Works, Pledges Significant Investments in US Economy Ron Miller / TechCrunch : Apple pledges $350 billion investment in US economy over next five years Buster Hein / Cult of Mac : Apple says it will add $350 billion to U.S. economy Cody Lee / iDownloadBlog.com : Apple announces plans for new campus, $350 billion boost to U.S. economy Larry Dignan / ZDNet : Apple expands US capital spending, plans to add 20,000 jobs, invest in data centers Tweets: Alex Mallin / @alex_mallin : In @ABCWorldNews intv, Cook says GOP's tax bill does deserve some credit in Apple's $350 billion investment: “I do believe the corporate tax side will result in job creation and a faster growing economy.” http://twitter.com/... Tim Bradshaw / @tim : Breaking down Apple's $350bn “direct contribution” to US: $275bn+ of spending with US suppliers at $55bn+/year +$38bn tax bill (estimated) for repatriation of overseas profits +$30bn capex on new campus, data centres etc +$5bn adv manuf fund =$350bn(ish) https://www.ft.com/... Matthew Yglesias / @mattyglesias : Apple's capex plans as of November. In that context, nothing in today's announcement reflects an actual change in response to the tax bill. https://mobile.twitter.com/... Ina Fried / @inafried : Apple is increasing the size of its advanced manufacturing fund it announced last year to $5 billion from $1 billion http://www.axios.com/... Simon Owens / @simonowens : Apple wants a pat on the back for paying some of the taxes it would otherwise have paid if it weren't for loopholes it exploited. http://twitter.com/... M.G. Siegler / @mgsiegler : They're running. http://twitter.com/...
Apple
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Discussion
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@alex_mallin
Alex Mallin
on x
In @ABCWorldNews intv, Cook says GOP's tax bill does deserve some credit in Apple's $350 billion investment: “I do believe the corporate tax side will result in job creation and a faster growing economy.” http://twitter.com/...
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@tim
Tim Bradshaw
on x
Breaking down Apple's $350bn “direct contribution” to US: $275bn+ of spending with US suppliers at $55bn+/year +$38bn tax bill (estimated) for repatriation of overseas profits +$30bn capex on new campus, data centres etc +$5bn adv manuf fund =$350bn(ish) https://www.ft.com/...
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@mattyglesias
Matthew Yglesias
on x
Apple's capex plans as of November. In that context, nothing in today's announcement reflects an actual change in response to the tax bill. https://mobile.twitter.com/...
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@inafried
Ina Fried
on x
Apple is increasing the size of its advanced manufacturing fund it announced last year to $5 billion from $1 billion http://www.axios.com/...
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@viticci
Federico Viticci
on x
Apple is opening another U.S. campus. Location to be announced later this year. Seriously https://www.apple.com/... pic.twitter.com/9ytFeCSjHD
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@simonowens
Simon Owens
on x
Apple wants a pat on the back for paying some of the taxes it would otherwise have paid if it weren't for loopholes it exploited. http://twitter.com/...
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@mgsiegler
M.G. Siegler
on x
They're running. http://twitter.com/...
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@chillmage
@chillmage
on x
thanks to Apple I am going to start calling paying my taxes an “investment” in the US economy
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@stevekovach
Steve Kovach
on x
Apple's math on how it plans to add $350 billion to the economy is fuzzy at best. But one solid number in the announcement: New customer service office and 20,000 new jobs http://www.businessinsider.com/ ...
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@asymco
Horace Dediu
on x
Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion— the largest tax payment ever made.
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@tonyromm
Tony Romm
on x
Republicans are tweeting this one out a wholeeeee bunch today http://twitter.com/...
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@tonyromm
Tony Romm
on x
But the thing with Apple's announcement is that now Amazon, Google, Microsoft and others in the tech industry are going to face pressure to announce similar new commitments
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@stevekovach
Steve Kovach
on x
It's gonna be Amazon HQ2 all over again pic.twitter.com/v0MPF0hCQe
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@ericnewcomer
Eric Newcomer
on x
You really have to dig for what Apple is actually announcing here https://www.businesswire.com/ ... pic.twitter.com/0zFwFiDLqj
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@mcwm
Mike Murphy
on x
One MacBook Pro / 2.5 iPhone Xs / One iMac / 7 Apple Watches http://twitter.com/...
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@andrewwrites
Andrew Cunningham
on x
Apple doing stuff that it has had the money to do for literally years and crediting the GOP tax bill is the peak of disingenuousness http://twitter.com/...
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@shiraovide
Shira Ovide
on x
Apple doesn't need tax cuts to pay employees roughly $310 million in stock. Apple generates that much cash in 42 hours. https://www.bloomberg.com/...
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@jason
@jason
on x
Excellent article on the repatriation of Apple's cash; objectively, this is a huge victory for @realDonaldTrump & candidly, all Americans — and something @BarackObama couldn't get done. http://www.asymco.com/...
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@realdonaldtrump
Donald J. Trump
on x
I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA! http://www.cnbc.com/...
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@jyarow
Jay Yarow
on x
It looks like Apple is bringing back home nearly all of its $250 billion in foreign cash http://www.cnbc.com/...