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January 17, 2018Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus
January 17, 2018This post was originally published on this site
(Reuters) – Apple Inc (AAPL.O) will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday.
Apple said it expected to invest over $30 billion in the United States over the next 5 years, and would create 20,000 jobs through hiring at existing campuses and through opening a new campus.
Reporting by Sonam Rai in Bengaluru; editing by Patrick Graham
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