Apple Brings Back $350 Billion To the US

direstraitsOld Faithful

Apple will repatriate about $350 billion in overseas profits from prior years to the US over the next five years. Apple will pay 15.5 percent tax on the revenue or about $38 billion. They plan to hire another 20,000 employees in the US.

https://www.apple.com/newsroom...ent-and-job-creation

Starting in 2018, the US will join the rest of the world in NOT taxing overseas revenue. As to the wall on the southern border, that $38 billion would more than cover the bill.

Thanks, Trump! No thanks, Obama!

1/18/182:55 PM

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