TRUTH Executives say they expect big savings - where is the $$ going? Dividends, buybacks, savings, & pension contributions, which affect roughly 14% of Americans and only 7% of new employees. The bulk of the new cash will go to shareholders/ultra-rich.https://www.wsj.com/articles/companies-tout-tax-benefits-as-earnings-season-begins-1516185000?mod=e2tw …
"Apple said on Wednesday it will invest $350 billion in the U.S. economy over the next five years, touting the creation of 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform." #TaxReformWorks https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html …
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So does $350 Billion amount to crumbs or maybe little bitty pieces of Apple skin in this case?
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U realize the article is saying that Apple CapEx spend going to dramatically slow down over the next 5 years, right? Not good news. And 4k jobs/yr is a nothing burger. Apple was sitting on over 200 BILLION in cash before tax bill - they could have done anything they wanted.
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