Apple said Wednesday that it would pay a one-time tax of $ 38 billion on profits that it intends to return to the United States. In addition, the company has planned a $ 30 billion investment in the United States in the next five years, which will create 20 thousand jobs.
Apple also informed employees about the payment of a bonus of $ 2.5 thousand in the form of shares with limited rights in connection with the tax reform in the United States, easing the tax regime for companies, according to Bloomberg.
According to the company, of the declared $ 30 billion, more than $ 10 billion will be invested in data centers in the United States.
In addition, the background created last year for investments in advanced production technologies will be increased from $ 1 billion to $ 5 billion.
At the same time, the company claims that its direct contribution to the US economy in five years will exceed $ 350 billion – It was this amount that caught the attention of President Donald Trump, who praised Apple on Twitter.
All existing expenses are taken into account, including about $ 55 billion in 2018, and new investments, but not tax payments of the company and its employees and partners.
As of September 30, 2017, 94% of Apple's cash and cash equivalents were outside the United States – $ 252.3 billion. In November, Apple already announced that it had allocated $ 36 billion to cover the payment of deferred taxes.
On Wednesday, the company did not explain how much of this profit it intends to return to the United States, writes The Wall Street Journal. Nominally 15.5% of the tax of $ 38 billion corresponds to a total of $ 245.2 billion.
Almost $ 200 billion of funds abroad are tied to long-term investments, including in US Treasuries. According to The Wall Street Journal, the company is unlikely to want to close such positions. Apple said the investment will include the construction of an office that will initially host customer service operations, as well as $ 10 billion for data centers in the United States.
Apple has become the largest taxpayer relatively recently: amid low oil prices, it overtook the traditional leader in this indicator – ExxonMobil. Her tax payments in connection with the possible repatriation of profits will be a record in the history of the country.
As for jobs, Apple currently employs about 84 thousand people in the United States and 132 thousand in the world. Apple likes to talk about “creating jobs,” but in the company’s language, such statements are not tantamount to accepting new employees. transmits Interfax.
So, on the Apple website it is alleged that its activities support 2 million jobs, but a significant amount is provided by the "App Store app ecosystem".
Apple intends to invest more than $ 10 billion in the construction of data centers in the United States. At the same time, all American facilities will be 100% supplied with energy from renewable sources.
Analysts doubt that Apple will decide to immediately increase the staff by almost a quarter, so 20 thousand new jobs will most likely include everyone who will be engaged in the construction and maintenance of the new technology park.
Apple shares rose 1.7% on Wednesday, updating the record at $ 179.10.
The company's capitalization is the largest in the world – $ 911 billion.