Taxes give effect, Apple will pay $ 38 billion - Technology
Taxes give effect, Apple will pay $ 38 billion

Taxes give effect, Apple will pay $ 38 billion

Share This

Apple will pay $ 38 billion in fees from about $ 250 billion it holds abroad.

The colossal bill comes after the US tax law changes, but in fact is lower than Apple would pay for the old version, as President Donald Trump decided to lower the corporation tax. However, the payment will be the highest paid amount as part of the new reform.

Technology giant also said it would build a new plant in the US that will open 20,000 jobs. According to Apple, this plan will add more than $ 350 billion to the US economy over the next 5 years.

However, the company did not say how much of the money it takes abroad will return to the US. Apple is the next company to promote the plan to invest in the US after changing taxes in the country. Most importantly, the corporate tax cut from 35% to 21%. Another interesting change is the elimination of corporate tax on profits abroad in return for a single payment./report Alvin Demircani
According to President Trump, who brought these changes, they will make the US economy more competitive and encourage companies to invest in the home.

No comments: