Trump Brags He Got Apple to Invest $350 Billion in the US (Hint: He Didn't and They Aren't)

President Donald Trumph said Tuesday's first State Legislature spokesman said that while the Democratic Party was laying his foolish walls complaining that it would disrupt the mention of "clean clean coal" Invest in necessary funds. $ 350 billion

As SOTU is one of President's largest platforms, millions of people said Trump says "Apple has announced plans to invest 350 billion dollars in the United States and even hire 20 thousand people" Repeatedly. "As expected, this is not true: cards, so-called business geniuses, misunderstand two very simple concepts: repatriation and investment.

This is what actually happened. For a long time, Apple has accumulated hundreds of billions of dollars overseas through a complex tax avoidance program. This makes it possible to avoid taxes in many countries. At the same time, Apple insists not to transfer funds to the United States unless it receives a lover's deal that is much lower than savings from the initial savings amount. Clearly, the Republican Parliament as a middle tax cut in 2017 passed large grants to rich people. Earlier this month Apple announced that it would contribute $ 350 billion to the US economy and hire more than 20,000 people in five years.

But the cards were always confusing all this. First, the overseas cash data recently submitted by Apple is not $ 350 billion, but only $ 2525 billion, and if you trust that data it costs $ 2.8 trillion of tax or 15.5% tax I can not punish you.

It seems that we are playing strange words to exaggerate how much Apple actually invests in investment. As Mr. Verge pointed out, the payment of taxes is minus $ 38 billion and Apple has set a plan of only about $ 37 billion. This can be called new investment.

According to Apple's press release, the total from capital investment, new manufacturing investment, and home remittance tax is only $ 75 billion. The remaining figures may only be the influence of big companies like Apple. Regular impact on the US economy due to normal growth and expenditure

That's why Apple said in its press release that "the direct contribution to the US economy over the next five years will exceed $ 350 billion, not the actual investment of $ 350 billion." Who is guessing how Apple defines "direct contribution", it may be a privilege of the company

In return, Apple is allowed to return its Scrooge McDuck style gold coin bank here at a lower price, the company promises to make tokens investment, and Trump will get its voice. The figure of 350 billion dollars is useless, but a bit, everyone will win! I think that everyone agrees that this is truly important.

Combined with new investment and Apple's current expenditure pace with estimated domestic suppliers and manufacturers (estimated at $ 55 billion in 2018), Apple's direct contribution to the US economy over the next five years will continue with Apple's continuation Tax revenue caused by wages and sales of Apple products exceeding $ 350 billion excluding tax payment. Apple CEO Tim Cook says: "Apple is a success story that occurs only in the US and we are proud that we are built on the history of long-term support for the US economy." We are directly involved in job creation and employment preparation We are concentrating our investment in areas that will influence.

Apple announced plans to remit billions of dollars overseas cash, said it will contribute $ 350 billion to the US economy over the next five years.

Apple announced a series of investments to invest $ 350 billion into the US economy and emphasized the focus on employment. iPhone makers are determined to reveal that they are committed to returning investment to the US economy despite changes in taxation abroad and involvement in the manufacturing industry. In addition to everything so far, the company will support next generation students. We are expanding our current efforts to support coding and STEAM (science, technology, engineering, art, mathematics) programs and we plan to add a new program to help teachers. Apple is investing more money in the Government's ConnectED program to ensure that unfortunate community students have the necessary hardware and other resources to learn the skills necessary for success to succeed .