Wednesday, February 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Say Hello to Google Pay
"Fox Nation" Streaming Service To Debut in 4Q
Hatch Entertainment to Use Qualcomm Centriq 2400 Processors For Cloud Gaming Service
Qualcomm Sweetens Offer for NXP
KT, Qualcomm and Samsung Achieve Multi-vendor 5G NR Interoperability on Path to Mobile 5G NR Trials
Sony to Build Taxi-hailing System
Samsung to Cut OLED Panel Production as iPhone X Demand Slows: report
Samsung Electronics Begins Mass Production of 30.72TB SSD
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Apple A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 17, 2018
Apple Accelerates US investment, Plans to Pay $38 billion in Foreign Cash Taxes


Apple will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash.

Combining new investments and Apple's current pace of spending with domestic suppliers and manufacturers - an estimated $55 billion for 2018 - Apple's direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple's ongoing tax payments, the tax revenues generated from employees' wages and the sale of Apple products.

Planned capital expenditures in the US, investments in American manufacturing over five years and a record tax payment upon repatriation of overseas profits will account for approximately $75 billion of Apple's direct contribution.

Apple, however, did not say how much of its $252.3 billion in cash abroad would bring to the United States, after the U.S. tax changes cut costs on bringing funds back from overseas. It also did not say whether the spending plan was driven by the new U.S. tax law.

The iPhone maker, said it plans a wave of investing and hiring in the United States and will create 20,000 jobs through hiring at its existing campus and the new one. The company's new campus will initially house technical support for customers. Apple will announce the location later this year.

The company already employs 84,000 people in all 50 states.

Today, Apple is also breaking ground on a new facility in downtown Reno, which will support its existing Nevada facilities. All of Apple's US facilities, including offices, retail stores and data centers, are powered by 100 percent renewable energy sources like solar, wind and micro-hydro power, which Apple generates or purchases from local projects. The new campus will also be powered entirely by green energy.

Apple also plans to accelerate its efforts across the US in support of coding education as well as programs focused on Science, Technology, Engineering, Arts and Math (STEAM).



Previous
Next
Samsung Starts Producing First 16-Gigabit GDDR6        All News        Everspin Begins Volume Production of 40nm STT-MRAM
IC Knowledge Outlines EUV, 7nm and 5nm Progress     General Computing News      Everspin Begins Volume Production of 40nm STT-MRAM

Get RSS feed Easy Print E-Mail this Message

Related News
Apple to Fix the Telugu Bug in iPhones
Leaked iPhone Code Could Lead iOS to Generic ARM Boards and Emulators
Apple Patent Describes a Digital Stylus That Writes on Any Surface
Apple Shipped 54 Percent More Apple Watches in 2017
Could Qualcomm be Excluded From the iPhone Supply Chain?
Cisco, Apple, Aon, Allianz Introduce Cyber Risk Management Solution
Q4: Apple Passes Samsung in the Worldwide Smartphone Market
Apple's Revenue Hit New All-Time Records
U.S. Investigate Apple over Slowing iPhones
Apple Removes Some Features From Upcoming iOS 12
Apple is Working on New Digital Book Reader for iPhones, iPads
Samsung and Apple Extended Their Lead as Top Global Semiconductor Customers in 2017

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .