I would be excited about this, but Apple has an enormous amount of money overseas, which stays overseas.
They are avoiding American taxation.
So they will when ready, not build the car in America.
I am not excited by this. Until Apple begins to support American workers.
I thought the idea here was to REDUCE TAXATION ... not increase it ... :-) ...
But, in regards to Apple making things here, they do, in addition to employing a humongous number of people right here inside our own borders.
Have you seen the size of that new campus they’re building and how many people are working there ... not to say anything about how many are working right now to build that humongous building!
Oh, good, here comes Cringing Negativism Network clamoring for higher corporate taxes and more union labor.
I think Democrat Underground would be more your cup of tea.
As a shareholder in Apple, I’m fine with them following THE LAW and not repatriating FOREIGN profits so that Obama can tax the crap out of them. When we have a reasonable corporate tax law in the US that will change.
That will happen when the US educational system begins again to produce workers able to make hi-tech items, instead of seeking positions fostering social justice and non-violent understandings etc, while receiving welfare and food stamps.
The US will also need to produce people capable of writing coherent English - from a recent job application applying for a position in India which the 45 year old female writer denigrates in favor of a position in Peru:
“My education has been custom-tailored to include work experience and creative expression as well as structured pedagogies ... As a Comparative History of Ideas major, I am building upon my intersectional understanding of the world ... I cultivated musicianship ... which is informing a sensitized approach to the “progress” of post-colonial development and globalization ... While I believe that the India program is a good fit for me, I understand that others may seem a better fit for such an intimate journey as described. I acknowledge that I am also applying to a simultaneous program bound for Peru ... returned to school in order to increase my knowledge base as well as to empower a sense of agency in the world ... I imagine weaving together intercultural and non-violent communication, creative expression, social and environmental justice, traditional and modern medicine ... What I hope to gain from experience abroad is an expansion of my awareness ...” and so on. It is all about her, not what she can contribute or do helping others. I’d advise her not to give up her day job, if she had one ...
AAPL is avoiding the lowering standard of American workers.
Right now AAPL makes the Mac Pro in Texas.
Better yet change the damned, most vile American taxation system. You sound like a troll — they are not doing their “fair share” and voluntarily paying more taxes. That’s horse sh!t thinking. Save your outrage for Charles Rangel.
Besides, the number of US jobs created by Apple is staggering. The high-value intellectual work is done here. The low value stuffing parts onto PCBs is done overseas.
Why should they pay income tax on money that has already been taxed WHERE IT WAS EARNED simply because the move it back here? The United States is one of only TWO countries in the world that taxes already taxed income. The other is a podunk country in Central Africa. ALL of the rest recognize that the taxing authorities of the countries where the money was earned are legitimately the ones to have the income taxes and it is therefore fully taxed! Are you a Democrat to believe that the money rightfully belongs to the government until the government lets you keep a portion?
Until Apple begins to support American workers.
Apple makes its MacPro computer in Austin, Texas, and the Apple iMacs are assembled in Elk Grove, CA. Apple is directly responsible for creating over 1 million jobs in the USA. That is pretty doing good at supporting American Workers.
You are obviously misinformed. Not only does Apple support American workers but they are the largest taxpayer in the United States.
“I am not excited by this. Until Apple begins to support American workers.”
Why would they? The American government doesn’t. As an Apple stockholder the second they brought that money to America is sue for breach of fiduciary duty. And I’d win.
L