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Apple’s U.S. Jobs Announcement Comes At An Opportune Time

Apple’s Wednesday announcement of new investments in U.S. facilities, jobs, and companies is real news and good news. But, reading between the lines, it’s also a carefully crafted PR drill intended to stave off criticism and curry some favor with Washington. The company is perhaps the nation’s biggest beneficiary of a new tax code that hands out massive tax breaks to U.S. corporations, especially multinationals. Along with a lower corporate tax rate, Apple can now bring back some or all of the roughly $252 billion in cash or cash equivalents it has parked abroad at a thrifty 15.5% tax rate. The company said it plans to pay $38 billion in repatriation taxes to bring home about $246 billion in cash.

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Apple’s U.S. Jobs Announcement Comes At An Opportune Time

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