Apple Says It Will Repatriate $250 Billion to US in Next Five Years, Add 20,000 Jobs in the US

Actually, they say they'll be "contributing" $350 billion ($100 billion more than the $250 billion they have in foreign accounts) to America. They might be talking about another $100 billion in capital investments in the US, plus the impact of adding 20,000 jobs. They might also be contemplating direct donations to charitable causes or starting their own charitable foundation, as some companies have done in the wake of tax reform.

Not sure how they come to that particular $350 billion figure.

But anyway, they're bringing practically all their offshore money into the US, and will wind up paying $38 billion in taxes (to America) for that privilege.

Preview of the media headlines:

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posted by Ace at 03:10 PM

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