Thursday in CE: Apple Talks Massive $350B Investment, Batterygate, Reduced Notch
Apple is making huge headlines today and it has everything and nothing to do with a new product launch.
Firstly, let's talk the eye-watering $350,000,000,000 investment they are injecting into the U.S. economy over the next five years and where it all comes from.
Firstly, Apple will pay $38 billion in foreign repatriation tax payments. They announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S. and likely increase its capital returns. The new tax law, a one-time affair, constitutes a 15.5% tax rate to all foreign cash, regardless of where it is and if it comes back to America.