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Forums - Politics - Apple is bringing their overseas money back to the US (350B$ investments)

DonFerrari on 18 January 2018

What bad move have Trump done this time?



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

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Azzanation: "PS5 wouldn't sold out at launch without scalpers."

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Aeolus451 on 18 January 2018
vivster said:
Aeolus451 said:

The U.S. reduced it's corporate tax to similar levels as the EU and companies are coming back. It's that simple.  350 billion is not chump change.

As if anyone even gives a fuck about advertised tax rates with special tax breaks and lobbied tax holes big enough to fit Trumps gigantic ego through it.

And yes, 350bn is chump change compared to the amount that they will drain from state treasuries. It's chump change for Apple and it's chump change for a country as big as the US. If it wasn't, Apple wouldn't make such a decision.

No single resident of the US will ever see a single penny of those tax dollars because they're immediately swallowed up again.

Yeah yeah evil corporations are out to get us.....  *yawn

Ultimately, people in the U.S. will benefit from this



Jon-Erich on 18 January 2018
Kerotan said:
Teeqoz said:

Why force a tech hub in Detroit when you already have several thriving tech hubs in the US?

Because Detroit needs it and you don't force it, you develop it. America is big enough to fit anther especially if trump gets more investment back in. 

Does Detroit have the talent pool for a tech hub? If not, potential workers would have to be educated and trained, which would take years. That is unless you to people from outside of Detroit, but then that wouldn't benefit the people who are already there. I'm not saying it can't be done, but we're talking about a huge investment that may or may not pay off and the people of Detroit would not get anything from this investment in the near future.



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Player2 on 18 January 2018

Contribute to the economy =/= investments.

Apple is only going to invest $30 billions over the next five years.

Under the new law Apple was going to pay $38 billions if they repatriate the money or not, and they're going to pay less taxes if they put the money in Delaware USA (21% before deductions) than what they paid in FY 2016 (25.6%), so it's a no brainer.

This is USA trying to become the #1 tax haven in the world.

Last edited by Player2 - on 18 January 2018

JRPGfan on 18 January 2018
Turkish said:
Time to acquire some companies Apple! Get Tesla, SpaceX, American Express and Nvidia, diversify a bit.

Maybe get into the games business too.

AMD would be cheaper and a better fit.

it gets them what they want, cpu&gpu (apple want to own everything they put into the box).
They love OpenCL for mac OS... which is why they use AMD graphics cards (they are much better at it).

It also means they instantly have a in, if they want to get into the gameing business.
theres actually been rumors of apple thinking of buying AMD in the past.



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Teeqoz on 18 January 2018
sundin13 said:
Worth noting that both the spending and hiring estimates are roughly in line with how they have been spending and hiring over the last few years.

The money they are repatriating will likely primarily be used to pay back debts (or keeping their current capex without having to sellbonds to fund it rather) and to fuel dividends and share-buybacks.

Last edited by Teeqoz - on 18 January 2018

Kerotan on 18 January 2018
Jon-Erich said:
Kerotan said:

Because Detroit needs it and you don't force it, you develop it. America is big enough to fit anther especially if trump gets more investment back in. 

Does Detroit have the talent pool for a tech hub? If not, potential workers would have to be educated and trained, which would take years. That is unless you to people from outside of Detroit, but then that wouldn't benefit the people who are already there. I'm not saying it can't be done, but we're talking about a huge investment that may or may not pay off and the people of Detroit would not get anything from this investment in the near future.

That would benefit the people already there. The city would have new workers in the city making good money. They run spend it in the local economy which does benefit the people already there. Meanwhile they could start educating for the future. You need to have a plan. 



irstupid on 18 January 2018
Aeolus451 said:
vivster said:

The crackdown from the EU and very likely more hidden deals for future tax breaks surely have nothing to do with this.

But yet again people only look at initial big numbers. 350bn over 5 years is nothing. There will be deals with the states that will make them more than twice of that back to the detriment of tax payers, I guarantee it. The tax breaks and incentives some companies get to settle in the US are outright disgusting and will swallow up any tiny contributions like laughable 350bn over 5 years.

The US, thanks to lackluster regulation and gigantic tax breaks is already a haven for big companies compared to other developed nations. The issue is just that there are a few percentage points more profit to be made in 3rd world countries. But it's just not feasible for big nations like the US to try and compete with those places and will only hurt the country in the long run.

Unless of course the US aims to become one of those "shithole countries" where people have to work 16h a day for laughable minimum wages that barely keep them above the poverty line.

The U.S. reduced it's corporate tax to similar levels as the EU and companies are coming back. It's that simple.  350 billion is not chump change.

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.



numberwang on 18 January 2018

Magic wand: No TTP & lower corporate taxes to international standard level

 

https://www.youtube.com/watch?v=SZVJExOiP9k



Dark_Lord_2008 on 18 January 2018

Millions of jobs will be created in America as Apple and various companies come back to the US. Trump's tax reforms will create millions of jobs and he will be rewarded with a second term as President.