jueves, 18 de enero de 2018

OPEN YOUR MIND :: Apple announces plans to repatriate billions in overseas cash

Apple announces plans to repatriate billions in overseas cash

On the heels of the Tax Cuts and Jobs Act’s passage into law, CNBC reports that Apple will contribute $350 billion back to the U.S. economy.

“[The company] said it expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash,” Anita Balakrishnan of CNBC writes. “Apple also said it will spend over $30 billion in capital expenditures over the next five years.”
USA Today reports that the Dow Jones Industrial Average jumped 323 points and closed above 26,000 for the first time in its 121-year history. “The Dow, which rallied 25.1% last year, has continued its surge at the start of 2018 amid rising optimism that tax cuts will lift corporate earnings and the economy,” Adam Shell writes.
Health insurer Humana will raise the hourly minimum wage to $15 for all of its employees “as a result of the GOP tax bill,” according to The Hill. The company credited tax reform legislation as it “provides Humana with the opportunity to make an investment in our employees,” Nathan Weixel explains.
Michael Bastasch writes in The Daily Signal that with the “US poised to shatter records for oil production,” America is “well on its way to becoming a net exporter of natural gas for the first time in decades.”
The Weekly Standard goes inside “how Jeff Sessions is reining in the regulatory state.” Terry Eastland explains that there is “a good government theme in the department’s new approach to regulation. After all, why should guidance documents be allowed to stack up when there is no reason to keep them around?”

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