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TCJA: Apple repatriating cash and pumping it into US economy
#4
RE: TCJA: Apple repatriating cash and pumping it into US economy
(January 17, 2018 at 5:19 pm)alpha male Wrote: https://www.cnbc.com/2018/01/17/apple-an...years.html

Quote:
  • Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years.

  • It says it will create 20,000 new jobs and open a new campus.

  • Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.


I'm no expert on US tax law, but aren't corporations supposed to be taxed at 21%? $38 billion out of $350 billion is less than 11%.

Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
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RE: TCJA: Apple repatriating cash and pumping it into US economy - by BrianSoddingBoru4 - January 17, 2018 at 6:27 pm

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