Following up on Thursday's post, Apple To Pay $38 Billion In Taxes To Bring Cash Hoard Back To U.S. And Build U.S. Campus: Wall Street Journal, Apple’s Big Cash Winners: Shareholders: Apple announced a $38 billion tax windfall for the U.S. government this week, but the biggest beneficiary of the...
New York Times, Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.: Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the...
Though Apple is planning to pay the U.S. some $38 billion in taxes on repatriated foreign cash, that won't impact how much it owes in Ireland, a spokesman for the European Commission said on Thursday.
Apple Inc (AAPL.O) will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. he company […]
There's a lot of speculation about how Apple will use its $245 billion overseas cash stash now that it's announced it will pay taxes on the money, freeing it to spends the cash as it sees fit. The company likely won't use the cash to...Show More Summary
Apple Inc. announced today that it will contribute $350 billion to the U.S. economy, bringing a majority of its overseas cash holdings back to the country to fuel domestic investments and hire thousands of new employees. The announcement led to a modest bump in Apple’s shares, which grew by 1.65 percent over their previous closing value. Show More Summary
The company has been under increasing pressure to make U.S. investments since the 2016 presidential campaign, when Trump targeted the iPhone maker for making products in Asian factories. While Apple has announced no plans to change that...Show More Summary
Apple, already the largest US taxpayer, says that it 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.
Republican tax bill will save Apple tens of billions in taxes on overseas cash.
Apple has announced it will pay $38 billion in taxes to the U.S. government to return money it had stashed overseas. Apple has $252.3 billion in cash abroad. In addition, the tech giant announced today it has plans to open a new facility and add 20,000 employees over the next five years. Show More Summary
(Reuters) - Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan. STOCK PRICE FOR AAPL Full price information Read more... Permalink | Email this | Linking Blogs | Comments
A small surprise was nestled in the middle of Apple’s announcement of a $350 billion contribution to the U.S. economy today: Apple confirmed that it will repatriate the giant pile of cash it has held overseas. According to the release, Apple expects to pay approximately $38 billion in U.S. repatriation taxes, which means that it will […]
Apple said it plans to pay $38 billion in repatriation taxes on profits and cash held overseas, and said it would create a new U.S. campus and create 20,000 jobs.
Apple stock jumped then dumped after it issued a press release in which the company disclosed how much it expects to pay in repatriation tax to bring its massive offshore cash hoard home, in addition to unveiling its near-term US investment...Show More Summary
Apple's security white paper now covers iOS 11.2, and that means you can learn more about Face ID, Apple Pay Cash, and AutoFill for Apps right now. Apple is getting better and better at explaining deeply technical topics in highly approachable ways. Show More Summary
Apple on Thursday unveiled a revised edition of its mobile security white paper, adding details on iOS 11.1 and 11.2 for information security professionals and intellectually curious users.
Apple today has shared a revised version of its iOS Security Guide, dated January 2018. The new document, which comes in at 78 pages long includes new details on Apple Pay Cash, Face ID, and more… more…
Jimmy Iovine and Doctor Dre became billionaires when Apple bought Beats in 2014, paying $3 billion - $2.6 billion in cash and $400 million in stock. In August, when that stock vests and their employment contracts end, the pair are poised to net more than $700 million, thanks to growth...
Venmo and other mobile payment apps have changed the way many of us spend — and send — money. After Apple Pay Cash launched in early December, some speculated it could be the death of Venmo. But a lesser-known service called Zelle likely...Show More Summary
The pay cut that CEO Tim Cook and other Apple execs received after a rare slump in sales last year has been reversed—and then some. According to a Wednesday filing with the Securities and Exchange Commission, a cash bonus for exceeding the board's sales and profit targets boosted Cook's...