The Trader 

Market Outlook: Apple’s largesse

The Trader

Yesterday iPhone and computer maker Apple agreed to make a one-off tax payment of $38 billion to the US government when repatriating overseas profits; this follows December’s change in the tax regime by President Trump’s government.  The company has also pledged to invest another $30 billion in its US operations.  CEO Tim Cook added, ‘I do believe the corporate tax [reform] will result in job creation and a faster growing economy’.

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