Ray From Cleveland
Diamond Member
- Aug 16, 2015
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`Umm yeah.. Apple has already said the 20K new hires were planned prior to the passage of the 2017 Tax Reform Package, so no, the tax code isn't playing any significant role with the expansion of Apple's domestic work force (in this particular case).According to Apple the tax code changes are one of the primary drivers for the repatriation of $245 billion from overseas accounts, which makes sense since it would have been insane for 'em to do it prior to the new one time tax treatment of repatriated assets.All the specifics of what Apple plans to do with those repatriated assets remains to be seen but they've committed to at least $30 billion in additional domestic capital investment.
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Outside of this one-time tax plan, what I am saying is that IF this actually does happen (which I doubt), it would have happened regardless of anything trump did.
Even if the company says it's because of the new tax plan???