Recommend not reading the comments...it's All MAGA All The Time.

thanks for posting

Finally.

to cheers from trumpsters and the orange buffoon himself. That part sucks.

You don’t announce a decision to move around hundreds of billions of dollars and change your manufacturing model because of a tax cut signed little more than a couple weeks ago...a deeper dive is needed but there is more to that story than a tax cut...one possibility is that the Chinese are becoming much more interested in promoting and advocating for native Chinese businesses and creating tougher and tougher barriers to entry and day-to-day business for outside companies or even for vendors of outside vendors. It’s been a noted trend developing over the last couple of years.

They aren't changing their manufacturing model, only what they do with the money generated.

Besides, explain it to the dolts who voted for trump and GOPers that dominate Congress and most state government. Good luck with getting that message across to them, which is my point. trump will take credit, we'll scream and whine, but the dolts will say yeah trump is making America great and white again. You watch.

But a decision of this magnitude would have been months in the making. I agree there could have been a plan A or B or C depending on legislation outcome but tax cuts alone are not significant in the big picture for them. I just believe there were several factors in play here...it’s never that straight forward.

I want Apple to be the better corp. But. Money and power, power and money.

And developing primates.

Can we just skip the Eugenics Wars and get to the Federation already? Sheesh. Slow.

during the Obama admin.

The tax scam is, IMO, an excuse not the reason for this move.

Apple has billions off-shored and an army of accountants that makes sure they pay minimal taxes.

I'm disappointed in the company as trump will be crowing about it all the way to the 2018 elections.

This actually might help repugs keep the house and senate.

Isn't Tim Cook supposed to be a liberal?

Again, this could've been done during the Obama admin.

I don't want Trump to take credit for every little bit of corporate success that happens on his watch - even if these victories were hatched before he even got "elected". But, I guess we can't expect all businesses to defer growth until after the orange tide has receded.

But, one would hope the leaders of those companies would clarify what factors were involved so the record shows that Trump really didn't help at all.

Any anything else positive he can grab.

He's still taking a victory lap about the Stock Market when the Market hasn't felt any of his policies yet because they haven't passed or change a thing. The economy is running on Obama auto-pilot right now, but the stupid orange one thinks its all his doing.

Trump is also taking credit for North Korea and South Korea talking today while ignoring that him and his State Department have been so incompetent, both countries are running around us and cutting us out of all that in totality.

Tomorrow he'll take credit for water being wet and oxygen as a vital component to life as we know it on this planet.

"Why no wall? My wall would have protected us all from the lava! Democrats prevent, angry about election loss. Sad"

other giveaways from local and state governments when they decided to site a center near Des Moines.

Last I heard state and local governments all over the place were beating themselves up to get an Amazon warehouse.

If Apple will be building more facilities here, expect more huge giveaways that you and I will eventually either pay for or will trade in good schools and roads for.

Pardon me for being a wet blanket.

Apple is making the decision on what to do with my next phone easier and easier between catering to Trump's economic agenda and screwing with people's batteries to get them to buy more of their shitty products. Fuck 'em.

Didn't Volkswagen and Daimler support Hitler?

Hope they can sell a lot of iPhones to toothless hayseeds in Dumbfuckistan, amerikka.

I know what products I won't be buying anytime soon.

All of these corporations made billions on the backs of Americans and then hid their fucking tax requirements overseas... and we're supposed to be thankful for the fucking crumbs?

If we want to deport someone, it should be these corporate CEOs that have forgotten what economic patriotism truly means.

Edited to add:. The bonuses and $2 raise Walmart announced adds up to about 1.5% of the largess they got from this shitty Retrumplican tax scam

I bet a lot of the people who are receiving the $2000 bonuses don't think of that as "crumbs."

So, you're going to be boycotting Apple for repatriating a ton of $$$, giving out bonuses, paying $38 billiion in taxes, investing $350 billion over the next five years,and creating 22,000 new jobs. No wonder the rwnj make fun of this site.

are managers and district managers who have been with the Company for the required TWENTY years. 99.9% of Walmart employees will get $190 bucks.

The Apple deal would be good IF it happens. Trust me,living in an aviation city I've seen PR like this turn into BS months later. I've seen those Company's run down to City hall and get another ten years of FREE property taxes and then start laying off hundreds a week later.

I'll cheer the Apple deal when I see some PROOF along with some steel and concrete.

Oh gosh,RW nut jobs make fun of DU?? I'm soooooo hurt!!

that provides aid, comfort and cover for this authoritarian piece of shit.

Like I said; go back in history, a lot of folks said Hitler was "good for the economy".

And I'll thank no company for this happy horseshit tax bill.

Bottom line is that Apple, Walmart, Amazon, or ANY other corporation could have raised wages and invested in production in the United States 5 years ago, 10 years ago, 15 years ago, 20 years ago...or, at anytime over that past 40 years of "trickle-down" bullshit, if they had felt that making 1,000 times more than their highest hourly paid worker was adequate and fair, instead of making 3,000 times what their hourly workers were making.

Instead, we reward their greed and corporate treason and bribe them to do the right thing.

All these corps are doing is showing us just what their price is to sell their soul to the devil.

While we're rewarding these frauds, we're punishing the Middle Class. "Hey Moe, here's an extra $600 buck a year, but your kids education is going to cost you $12,000 more", Oh, and "don't drink the water".

So yes, any corporation that does this propaganda bullshit and credit this fucking orange shart-spewing charlatan deserves to be driven out of business.

I would strongly caution Apple and any corp that being associated with the Donnie Short Fingers brand is NOT A LONG TERM WINNING strategy.

Fuck them, fuck Walmart, fuck the Koch Brothers.

I just tell them to enjoy it while it fucking lasts.

Once you get past the eye-grabbing numbers up top - it’s not that big of a deal. At least not for Apple. This is business as usual. The $38B is a hefty price tag, but it’s a diversion from a likely massive stock repurchase.

The $350B is not all direct investment; it’s their total economic contribution to the US economy. A majority of it is normal business expenditures i.e. payments to suppliers - from the announcement today they estimate it will be $55B in 2018. Big whoop - they spent over $50B on the same in 2016. https://www.apple.com/job-creation/ They are only talking about $30B in actual capital expenditures over five years. Big money - but keep in mind they spent at least $5B on their fancy new HQ campus.

20,000 new jobs over five years? So what? Their yearly average in job growth over the past decade is around 4000 per year.

The additional $4B in advanced manufacturing is cool (from the initial $1B announced months ago) - but I doubt it is much more than they already spent in R&D and acquisitions over a five year period.

To put this in context - Keep in mind that over the past five years Apple has spent $142B on share buybacks. https://www.investopedia.com/news/apple-bought-back-107m-stock-daily-past-5-years-aapl/ They spent 5 times their proposed capital investment just to make their stock prices go up - and fatten many executives’ bank accounts.

And all the big numbers - $350B and the like are dependent on Apple’s continued profitability. But they need better products in their pipeline since revenues from iPhones and other iDevices are shrinking and their computer division is practically non-existent.

Meaningless IMO...............

roll my eyes at $1000.

Half of all Americans have no retirement savings - IRA, 401k, whatever.

34% of American adults have no savings at all - zero.

https://www.cnbc.com/2017/06/19/heres-how-many-americans-have-nothing-at-all-in-savings.html

A one-time bonus, even if it's $1,000 (before taxes, of course) isn't going to solve the fundamental problem - most people just don't get paid enough to live on, let alone aspire to "middle-class" status.

don't really have a clue about saving for their retirement. I used to work at a bank, and I often saw people I knew, people with good, high-paying union jobs, withdraw (borrow?) money from their 401(k) plans to pay dental bills, or whatever.

Had good, good friends years ago who spent every nickel they made--cars, boats, motorcycles, vacation homes, trips, whatever. He was in sales, and they had a LOT of $$$, but no pension, or any other benefits. They never thought of the future, ever. They tended to kind of look down their noses at us, who lived more mode lives, but had some bennies, and wouldn't have dreamed of touching the retirement savings.

I don't know if there is a cure for any of that. Trouble is, the post-WWII generation was willing to do without and live within their means. Our lifestyles have gotten to the point where we have to have the biggest, best, the latest. For many people the idea of "necessities" now include things they really could do without, but won't.

But at the same time, look at Wal-Mart's "big news" of raising pay to $11/hour.

Before taxes, that's $22,880 a year, and that assumes you'll get forty hours every week (which doesn't always happen) and that you don't take any time off.

That's enough for a family of 3 to miss the federal poverty guideline ($20,780) but not enough for a family of four ($25,100).

https://aspe.hhs.gov/poverty-guidelines

Rent? Insurance & health care? Food & clothing? Vehicle, fuel, insurance, maintenance? It adds up, and adds up quickly, even if you're not a spendthrift.

Call me when it happens.

The snip from the Apple press release linked in the OP below implies that Apple HAD to do this because of recent changes to the tax law. Uh, which changes exactly? How far will I have to dig until I find a satisfactory answer?

Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.

From a more-recent Mac Rumors post about Apple's dealings in Ireland and the EU:

Apple's plans to repatriate much of its foreign cash reserves under new U.S. tax laws, which lower the corporate tax rate to 15.5 percent, will have no affect on the outcome of this European tax case.