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Trump Says He Called CEO Tim Cook After Apple Announced US Jobs

Trump Says He Called CEO Tim Cook After Apple Announced US Jobs

"I hope - I have that faith - that it will be used for great objective for the country, whether that's infrastructure or education, or what have you, that will further supply jobs in the U.S", Apple said about the $38 billion tax payment.

That pledge by Apple is only the latest major economic investment by a USA company since President Trump and the Republican-led Congress made a sweeping overhaul of the US tax code last month.

Apple on Wednesday announced plans to spend more than $350 billion and add 20,000 jobs over the next five years. While those taxes appear to cover almost all of Apple's massive cash hoard, the company has not revealed whether that cash will be used on USA acquisitions, research, or dividends and stock buybacks. The spree will include the new campus, new data centers and other investments. Cook refused to "take a position" on how the new tax plan will affect individual Americans but commented on the corporate tax saying, "I do believe the corporate side will result in job creation and a faster growing economy".

Analysts have also predicted that most of those overseas profits would flow into stock buybacks and dividend payments.

Kim Kardashian Disses Lamar Odom After He Slams Sis Khloe's Dating History
Thompson also a one-year-old son with a former girlfriend. Wow! Khloe and Odom were married from 2009 to 2016. Khloe filed for divorce in 2013.

"Apple is a success that could only have happened in America, and we always felt a very big sense of responsibility to give back to our country and the people who have made our success possible", chief executive Tim Cook said during a ceremony celebrating a new warehouse being built in Reno, Nevada.

As for Cook, the CEO admitted in an ABC News interview that aired on Wednesday evening that the new tax system is making it easier for Apple to repatriate its overseas cash. The new location, which will house tech support for customers, will be announced later this year. "But I don't imagine there has ever been an investment that big in this country".

About 84,000 of Apple's 123,000 workers are in the US.


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