7 ms·
> the one thing that finally convinced Apple to repatriate much of its overseas cash and invest it here in the US That doesn't really seem too surprising. The
by untog 9y ago
> the one thing that finally convinced Apple to repatriate much of its overseas cash and invest it here in the US
That doesn't really seem too surprising. The previous administration tried to force them to do it, they refused. The current administration gave them what they wanted, they did it.
> If other US corporations follow suit with repatriation, the American economy will experience unprecedented corporate reinvestment.
Yes, but "corporate reinvestment" can mean a great many things. Endless rounds of share buybacks (as many CEOs have indicated they want to do) won't really benefit the broader economy (or actual citizens) all that much.
- seanmcdirmid 9y agoThe repatriation isn’t optional, so you could say the current administration succeeded in forcing them to do it.