We're using the Trump catchphrase because Apple's action is only possible thanks to the new tax arrangements that the USA president campaigned on, namely a one-off discount on repatriating foreign profits.
The company did not say how much, if any, of its reported $250 billion stockpile it planned to bring back to the U.S. However, the new tax plan has been created to make such transactions easier.
Apple's investments don't include the company's ongoing tax payments, which are already pretty lofty.
"On the one hand, this is a record payment". He further said that if they wanted Apple to behave differently, they should change the law. (NASDAQ:AAPL) says it will "contribute" $350-B to the USA economy over the next 5 years. The American company had around $250 billion in cash and other short-term assets held by overseas affiliates.
Bringing the cash home may also help Apple to address its reputation as a corporate scoundrel and perhaps avoid future Trump criticism.
Forget Amazon's HQ2, however long or short a shot Dallas may still be in the nationwide municipal battle royale for the right to dole out millions of dollars in tax breaks to the company.
Jay Janner The cafeteria at the Apple campus on West Parmer Lane
Apple's final plan to bolster the economy is through education. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible", he said.
Roughly half of Americans work at businesses with fewer than 500 employees, and it is not clear how the tax bill will impact these small businesses because the savings outlined in the tax bill are much smaller. The location for the facility will be announced later this year. The new campus location will be announced later this year.
To date, Apple has already invested billions of dollars in data centers and co-located facilities in seven USA states, including North Carolina, Oregon, Nevada, Arizona and a recently announced project in Iowa.
Apple for years has faced scrutiny around the world for its tax policies and for making so many of its products - like the iPhone and iPad - in China. Apple does make some hardware in the USA, but most of its products are produced and assembled in China.
But these apparent commitments to the US aren't without controversy.
Apple also said it would increase the size of its Advanced Manufacturing Fund, which was announced last spring, from $1 billion to $5 billion. "If other companies say they're going to have new jobs, too, it does add up".
Army kills 7 Pakistani soldiers in 'retaliatory action' along LoC in Poonch
He said world's help would be sought to stop India from imposing a war that could be catastrophic for the region. In 2018, the Indian forces, Pakistan claimed, have carried out more than 100 ceasefire violations.