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Apple is bringing a huge amount of its capital back into the USA and paying federal taxes on that money. It is looking to boost its domestic image with over $350B in American manufacturing over the next 5 years. Apple is also suggesting that 20,000 new jobs will open at new campus that will be dedicated to its AppleCare services.
For years the company infamously refused to repatriate billions in overseas cash unless it was granted a tax "holiday," but the company is presumably going ahead because of lower corporate tax rates advanced by the Republican Party and U.S. President Donald Trump.
For years the company infamously refused to repatriate billions in overseas cash unless it was granted a tax "holiday," but the company is presumably going ahead because of lower corporate tax rates advanced by the Republican Party and U.S. President Donald Trump.