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Apple announced that due to the Trump tax cut they will be bringing home a major portion of cash currently held in foreign banks. They will pay a one time $38 billion tax and build a new corporate campus creating thousands of jobs. Apple shareholders (from all income levels and walks of life) benefited from a 1.7% stock price increase today resulting from the news.
https://www.reuters.com/article/us-...8-billion-in-foreign-cash-taxes-idUSKBN1F62FJ
Between the spending plan, hiring 20,000 people, tax payments and business with U.S.-based suppliers, Apple on Wednesday estimated it would spend $350 billion in the United States over the next five years.
https://www.reuters.com/article/us-...8-billion-in-foreign-cash-taxes-idUSKBN1F62FJ