Apple Announces It Will Invest $350B in US Economy, Create 20K Jobs — In Part Due to Tax Bill

Apple announced Wednesday it would “contribute” $350 billion to the economy through 2023 while also pledging to create 20,000 jobs, partially due to tax reform, CNBC reports.

The company said in a statement Wednesday it anticipates repatriation tax payments of about $38 billion in light of recent tax law changes:

 

It also expects to open a new campus at a location to be announced later this year. Apple employs 84,000 people in every state.

“We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness,” CEO Tim Cook said. “We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”

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