Introduction…Apple anticipates reparation tax payments of $38 Billion in response to The Tax Cuts And Jobs Act. The opposition said that the tax cuts would only benefit the rich. Well, $38 billion sent to the U.S. Treasury benefits all Americans, working, poor, and well to do.
Apple’s contribution to U.S economy…Workers, shareholders, U.S. and local tax authorities will benefit greatly from Apple’s plan to contribute $350 billion over the next five years to the U.S. economy. The company just finished a $5 billion renovation to its headquarters in Cupertino, California. That is lots of workers getting great work.
New Apple campus location…”The company plans to establish a new location, which will initially house technical support for customers,” Apple said in a statement Wednesday. “The location of this new facility will be announced later this year.”
Conclusion…Federal Income Tax laws are an important consideration in corporate investment decisions. Apple showed that President Trump’s Tax Cuts And Jobs Act influenced its decision-making process in making additional investments in the United States.