I posted this in the other thread you started on the same subject which is why you ran over here to start a new one instead of addressing it. And by the way, the CEO doesn't mention Obama once in the interview, you just made that up. Calling the "old system" Obama's system is pretty indicative of just how stupid you really are on this issue. He said they never would have paid the tax under the "old system" and obviously so because the old system didn't force them to. Had Obama tried passing something like that you'd just use it as proof he's a socialist dictator. But when Trump does it, it can only be great Capitalism.
And we're all still waiting for you to explain how Trump made all those companies expand investments, give bonuses and increase wages during 8 years of Obama. Starting new threads isn't a response, it is only a dodge that continues to make you look dumber than you probably are.
From the
Washington Post:
====================
The issue: It’s not clear how much the new tax regime contributed to Apple’s decision, if at all.
In a 1,093-word statement detailing the move, the company noted it is handing the Treasury a $38 billion one-time payment. That meets a
requirement under the new law that corporations pay previously deferred taxes on their foreign profits. The law set up that provision as a sort of compromise:
Companies are being forced to fork over a portion of those overseas stashes to Uncle Sam, but they are being charged a deeply discounted rate (15.5 percent for cash and 8 percent for less liquid assets.) Apple says it is counting the $38 billion it’s paying toward the $350 billion total it advertised Wednesday.
The law gives companies the flexibility to spread what they owe under the levy over five years. But the payment is mandatory — and not, as Trump suggested in his tweet, itself a vote of confidence in the brightening business climate at home.
Beyond that, the company doesn’t chalk up anything else in its announcement to the tax law. The Wall Street Journal’s Tripp Mickle does a careful job parsing the company’s statement:
The company previously said it planned $16 billion in capital expenditures world-wide in the fiscal year that ends this September, up from $14.9 billion the previous year. However, Apple doesn’t break out its spending in the U.S., making it difficult to gauge how much of the $30 billion over five years it announced Wednesday is new.
Toni Sacconaghi, an analyst with Sanford C. Bernstein & Co., said Apple’s plans are in line with Trump administration goals, but that it isn’t clear how much of the commitments are new. And he said the company could deliver on those commitments with existing cash flow — without needing to tap cash holdings.
“It’s a nice number and puts a foot forward in line with where the administration wants to go with adding jobs and building in the U.S.,” he said. But he added, “It’s not clear these investments were impacted in any way by tax reform.”
Separately, Bloomberg News's Mark Gurman reported Wednesday, the company is awarding most of its employees worldwide a $2,500 bonus in stock grants in the months ahead. For that, beneficiaries can thank the tax cuts.
But the announcement of Apple’s multibillion-dollar investments carried significantly more weight for Trump and other Republicans eager to find signs the tax package is supplying a big boost of momentum to broader economic growth. Another entrant in the parade of companies handing out bonuses may be nice.
What the GOP would prefer, however, is evidence that corporate giants are plowing their windfalls into the kind of spending that will trickle down to workers.
"Certainly higher wages and bonuses are good news," Tax Foundation senior analyst Scott Greenberg says. "But if the tax bill is going to have a large economic effect, it's likely going to take some time to show up, because will take some time for companies to respond to the incentives offered by the new tax provisions." And, he cautioned, "
it's difficult to separate causality from companies looking for gestures of public goodwill."
Recall that the tech titan came in for special abuse from Trump during the 2016 campaign. The candidate promised to make Apple “start building their damn computers and things in this country instead of in other countries,” at one point urged a boycott of Apple products, and said he would “come down so hard” on Cook that “his head would be spinning all of the way back to Silicon Valley.”
But Apple isn’t the only corporate giant that has been coy about pledging to use its tax gains for investments and wage hikes
rather than, say, stock buybacks and dividend payments. A CNBC survey of the 100 biggest companies by market cap found
only nine with “specific plans to use some of the money saved from the corporate tax cuts to boost worker pay or invest in facilities or charitable causes.”