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This might be a good prize to offer Trump in exchange for allowing Apple's untaxed offshore profits to be repatriated at a discount rate.
by theptip 10y ago
This might be a good prize to offer Trump in exchange for allowing Apple's untaxed offshore profits to be repatriated at a discount rate.
- caseysoftware 10y agoI think this part is the key. They have $billions sitting in Ireland and elsewhere that they can't invest in US-based operations. If they could bring that back in under some sort of deal, that could mean massive investments, acquisitions, R&D, dividends, and a variety of other things I'm not qualified to guess.
- tootie 10y agoFoxconn is building it, not Apple. If Trump wants to encourage it, he's going to have to back all his anti-trade policy with China.
- theptip 10y agoThe first words of the article are > Foxconn Technology Group Chairman Terry Gou told reporters in Taipei the company is considering a joint investment with Apple Inc. for a display manufacturing facility in the U.S. I think that provides enough of a kernel of truthiness for Trump to declare "Apple is building a $7b factory, it's going to be yuge!".
- wycx 10y agoRemember that Foxconn is from Taiwan, not PRC.
- imron 10y agoIsn't he already going to be doing that? The discounted rate will be 10% compared to the current 35%, but for all companies not just Apple. https://www.ft.com/content/c715e806-a66e-11e6-8b69-02899e8bd9d1 https://www.ft.com/content/c715e806-a66e-11e6-8b69-02899e8bd...