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How Tim Cook Won Donald Trump's Ear
pawz
Member, Swaye's Wigwam Posts: 18,751
Apple CEO advocates for his company’s interests while avoiding a backlash from either employees or the president
https://www.wsj.com/articles/how-tim-cook-won-donald-trumps-ear-11570248040
When Mr. Trump began working toward a planned tax cut in 2017, Mr. Cook told the president that Apple would invest more in the U.S. if it could bring its $250 billion in overseas cash back to the U.S. at a lower tax rate, one of the former administration officials said. Mr. Trump later cited Mr. Cook and Apple as he promoted a tax overhaul, this person added.
In early 2018, less than a month after the tax bill was signed, Apple announced it would contribute $350 billion to the U.S. economy over five years—a figure that included spending on parts and services, capital spending and tax payments. Even though that was consistent with Apple’s previous spending levels in the U.S., Mr. Cook went on ABC News to tout the commitment, as well as Apple’s promise to develop a new Apple campus, which it later awarded to Austin, Texas.
“The reason I speak to Tim Cook: He’s the one that calls me,” Mr. Trump said in August.
https://www.wsj.com/articles/how-tim-cook-won-donald-trumps-ear-11570248040
When Mr. Trump began working toward a planned tax cut in 2017, Mr. Cook told the president that Apple would invest more in the U.S. if it could bring its $250 billion in overseas cash back to the U.S. at a lower tax rate, one of the former administration officials said. Mr. Trump later cited Mr. Cook and Apple as he promoted a tax overhaul, this person added.
In early 2018, less than a month after the tax bill was signed, Apple announced it would contribute $350 billion to the U.S. economy over five years—a figure that included spending on parts and services, capital spending and tax payments. Even though that was consistent with Apple’s previous spending levels in the U.S., Mr. Cook went on ABC News to tout the commitment, as well as Apple’s promise to develop a new Apple campus, which it later awarded to Austin, Texas.
“The reason I speak to Tim Cook: He’s the one that calls me,” Mr. Trump said in August.
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Comments
How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.
#HondoBros #lapdog #aclockworkshill #faggotwithanagenda
I didn't read the WSJ article but did it contradict itself somewhere? BTW, Apple's 2019 capex is expected to be less than 2018.
HondoBros want the economy to tank. Simple fact
El Monte why is that? How could that possibly be? Why would they? How could they?