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The $1B Reno datacenter expansion was announced in May of 2017. So it has nothing to do with cash repatriation really. http://www.rgj.com/story/news/2017/05/10

The $1B Reno datacenter expansion was announced in May of 2017. So it has nothing to do with cash repatriation really. http://www.rgj.com/story/news/2017/05/10/breaking-apple-announces-1-billion-data-center-expansion-east-reno/316884001/ http://www.rgj.com/story/news/2017/05/10/breaking-apple-anno...

thetinguy 9y ago
Apple has a couple of data centers across the us. The opening of one in Reno is not the new campus.
WalterBright 9y ago
The stock market rally started on election day. Clearly it was not based on what Trump had done, but anticipated what Trump with a GOP Congress would do. The expectation of a large corporate tax cut was certainly there throughout 2017, and may very well have had a large influence on the Reno decision.
- threeseed 9y ago
  > The expectation of a large corporate tax cut was certainly there throughout 2017 No it wasn't. Most people thought that after the health care debacle that Trump would've pivoted to infrastructure. Especially given the tax cuts were so fiscally reckless which would've alienated moderate Senators like Collins or McCain. > and may very well have had a large influence on the Reno decision Apple has other data centres. They were largely driven by their own needs and not to do with macro economic effects.
  - WalterBright 9y ago
    > No it wasn't. Most people thought What matters was what investors thought. And as a follower of the financial/investing news, there was very much an expectation of a large corporate tax cut. > alienated moderate Senators like Collins or McCain Both voted for it. > not to do with macro economic effects The size of the tax cut was certainly enough to significantly affect the economics of a datacenter investment.
    - guyzero 9y ago
      "The size of the tax cut was certainly enough to significantly affect the economics of a datacenter investment." So without a tax cut Apple would have just let users suffer? Hardly. Users drive DC investments, not tax policy. There's no tax cut in the universe that's going to get Yahoo to build a new DC in Nevada.
      - WalterBright 9y ago
        Investments are made if the cost<benefit. Reducing the cost (via tax cuts) means more things become worth investing in.

thetinguy 9y ago

Apple has a couple of data centers across the us. The opening of one in Reno is not the new campus.

WalterBright 9y ago

The stock market rally started on election day. Clearly it was not based on what Trump had done, but anticipated what Trump with a GOP Congress would do. The expectation of a large corporate tax cut was certainly there throughout 2017, and may very well have had a large influence on the Reno decision.

threeseed 9y ago
> The expectation of a large corporate tax cut was certainly there throughout 2017 No it wasn't. Most people thought that after the health care debacle that Trump would've pivoted to infrastructure. Especially given the tax cuts were so fiscally reckless which would've alienated moderate Senators like Collins or McCain. > and may very well have had a large influence on the Reno decision Apple has other data centres. They were largely driven by their own needs and not to do with macro economic effects.
- WalterBright 9y ago
  > No it wasn't. Most people thought What matters was what investors thought. And as a follower of the financial/investing news, there was very much an expectation of a large corporate tax cut. > alienated moderate Senators like Collins or McCain Both voted for it. > not to do with macro economic effects The size of the tax cut was certainly enough to significantly affect the economics of a datacenter investment.
  - guyzero 9y ago
    "The size of the tax cut was certainly enough to significantly affect the economics of a datacenter investment." So without a tax cut Apple would have just let users suffer? Hardly. Users drive DC investments, not tax policy. There's no tax cut in the universe that's going to get Yahoo to build a new DC in Nevada.
    - WalterBright 9y ago
      Investments are made if the cost<benefit. Reducing the cost (via tax cuts) means more things become worth investing in.