The company Apple is planning to build another corporate campus and to hire 20,000 new workers over the next five years. The implementation of such plans was made possible thanks to the adoption of the new tax plan, which, in addition to a sharp decline in corporate tax rate, American companies, owning property abroad, a great one-time opportunity to repatriate cash from abroad. Returned in 2018 in the US cash will be taxed at the special reduced rate is 15.5%, which is still less imposed by the new legislation (21%).
Apple plans to use a legislative proposal to return to the US, about $ 252 billion of cash from offshore, paying about $ 38 billion tax. That’s what Apple CEO Tim cook promised to do more when last operated Tax code, if the corporate tax rate falls below 35%.
In General, experts believe that the cost of monetary assets of American companies abroad is about 2.6 trillion dollars. Most of these funds focused in the technology industry.
