The truth is that we really don't know how much credit goes to the new tax reform for what Apple announced today. Only Apple knows. We do know that they already had some plans in place for an increased investment in the US but we don't know the full scope.
People who think they know should either calm down or explain to us about how their uncle is a janitor at Apple and saw the hard data in Tim Cook's waste basket.
irstupid said:
Got to love it. The wall costing 70 billion to make is insane and outrageous and we can't afford it. Apple comes back to the US and we get 38 billion in tax revenue instantly and 350 billion future taxable revenue and that is chump change. |
That doesn't make much sense. That 38 billion was a mandatory payment based on a discounted rate for a deferred tax. It's also included in the 350 billion.
