Economics may not be driving corporate
generosity
https://www.washingtonpost.com/business/economy/economics-may-not-be-driving-corporate-generosity/2018/01/19/a3995d62-f6eb-11e7-91af-31ac729add94_story.html
Apple’s Media Relations Coup – Waving the Flag Makes Business
Sense
https://slate.com/business/2018/01/no-apple-is-not-creating-20-000-jobs-because-of-the-tax-bill.html
Slate’s Weismann notes:
“The press release predicts that between its “current pace of
spending with domestic suppliers and manufacturers—an estimated $55 billion for
2018—Apple’s direct contribution to the US economy will be more than $350
billion over the next five years.” In other words, Apple will keep buying stuff
from other U.S. companies. This is not a patriotic act of charity. Apple is
literally saying it will continue business as usual. That alone accounts for
$275 billion of its $350 billion forecast.
As for the rest of that total? In a mystifying bit of
self-aggrandizement, the company is counting its $38 billion repatriation
payment as another “direct contribution” to the U.S. economy. This is money
they are required to pay by law. “A payment of that size would likely be the
largest of its kind ever made,” the company helpfully notes. This is only true
because Apple spent years making money hand-over-fist while doing everything in
its power to avoid taxes.”
Related:
https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/01/18/the-finance-202-trump-is-eager-to-claim-credit-for-apple-moves-but-it-s-a-bit-more-complicated/5a5fa11d30fb0469e88401c2/