Published: Sat, January 20, 2018
Sci-tech | By Carrie Guzman

Apple plans to create 20000 jobs in the US

Apple plans to create 20000 jobs in the US

Apple is also due to pay approximately $38 billion in repatriation tax on its overseas cash, following president Donald Trump's recent changes to tax law. Apple claimed in its press release it's the "largest us taxpayer" and notes it's now expecting to pay an additional $38 billion in taxes on repatriated overseas profits. Cook also believes that a company like Apple could only have been founded in America and they have a responsibility to give back to the country, "one of the ways to do that is to create jobs", said Cook.

Apple plans to spend more than $10 billion in capital expenditures on investments in data centers throughout the country.

Apple has announced plans to build a new campus in the United States, in addition to the recently completed Apple Park, as part of a major investment and job creation strategy.

The Apple investments will concentrate in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fuelling the fast-growing app economy which Apple created with iPhone and the App Store.

The Cupertino, California, company says it will announce the location of a second campus devoted to customer support later this year.

"A payment of that size would likely be the largest of its kind ever made", Apple said in a statement late on Wednesday, cheering Trump.

Since the presidential election in 2016, Trump has heaped pressure on the company to invest more in the U.S., slamming it for outsourcing the manufacture of its popular products in Asia.

Tug Explosion Kills Three in Kentucky
Javier Fuenes, 21, and Wilson Madrid, 23, suffered minor injuries in the explosion and were taken by ambulance to local hospitals. Three people died and six were injured after an explosion rocked a dry-docked tugboat near Calvert City, officials said.

"Apple also told employees Wednesday it is issuing each of them a bonus of $2,500 in restricted stock, according to a person familiar with the matter".

The amount Apple is paying tax on is larger than analysts anticipated.

The final plan to boost the economy is through education.

The Apple news comes as companies in the USA are recalculating their tax bills due to the Tax Cuts and Jobs Act of 2017. Apple will pay 15.5% in taxes to repatriate overseas cash which suggests that the company will repatriate $245 billion, or nearly all of its foreign money. Apple waited for the new rate, and almost $60 billion in savings, to bring the cash back into the United States.

"Apple will expand these initiatives and add new programs to support teachers and teacher training".

$5 billion is committed to Apple's Advanced Manufacturing Fund, up from the previously announced $1 billion.

The company did not say how much of its investments were already planned.

Like this: