Apple CEO Tim Cook says the iPhone maker's repatriated profits will result in a $38 billion US tax payment and generate $350 billion in economic activity
WNU Editor: Just a side story, but it is very revealing that after Apple made public it's intention to repatriate back to the U.S. $350 billion from overseas... money that will be given as bonuses to its employees and the rest invested to create tens of thousands of jobs .... Apple To Repatriate $350 Billion From Overseas Back To The U.S. Economy (January 17, 2018) .... you then have this insane push from California lawmakers ..... ‘Time for middle class tax justice’: California corporate tax bill offsets Trump cuts (Sacramento Bee). In short .... these lawmakers want to grab a good chunk of the money that Apple wants to bring back to the country .... and they want to do it because they can.
