Deal Makers, Financial, Global, Global Banking, Global Investment, News, Technology

Apple to Pay $38 Billion in Taxes for Offshore Cash, Invest $350 Billion into US Economy

Apple to Pay $38 Billion in Taxes for Offshore Cash, Invest $350 Billion into US Economy

Apple has announced planned investment of $350 billion that will indirectly create more than 2 million jobs over the next 5 years in the United States.  At Apple, more than 20,000 jobs will be created including a new campus.  Part of these planned capital investments will be funded by Apples’ offshore cash which will be repatriated, that will trigger an approximate tax payment of $38 billion.

” Apple to Invest $350 Billion into US Economy, to Hire more than 20,000 People “

Apple is one of the first major US corporation to take advantage of the new tax system to promote US domestic economic growth.  Cash are taxed at 15.5% while non-cash or less liquid assets will be taxed at 8%.  Apple has more than $200 billion of cash reserves offshore.

Source: Apple, Bloomberg, Reuters






About Apple Inc

Apple Inc., incorporated on January 3, 1977, designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Visit: Apple Inc


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact
  • For Media-related enquiries, please contact
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article