Apple pledges to spend $350 billion and bring 20,000 jobs to the US within next five years
Apple said that it will spend $350 billion in development and create 20,000 jobs to the United States in the next five years, following the recent corporate tax changes and a greater push to increase manufacturing in the US. As part of this investment, it will also build a new U.S. campus — focused on technical support for customers — in a location to be announced later in 2018. Apple will make payments of around $38 billion in tax money from its profits that it currently holds overseas — a decision that comes after a Trump administration tax plan changed how foreign profits brought back to the United States are taxed. Apple has for years lobbied for changes to corporate taxes. Apple will also spend $10 billion on building data centers, $20 billion in additional infrastructure investment and is increasing the size of a previously announced manufacturing fund to support its suppliers. Further investment will go into education initiatives.
Apple pledges to spend $350 billion and bring 20,000 jobs to the U.S. within next five years (Washington Post) Apple plans to generate $350B, create 20K jobs in US next five years (The Hill)