(FILES) This file photo taken on September 12, 2017 shows an iPhone X during a media event at Apple's new headquarters in Cupertino, California. Apple announced on January 17, 2018, it would pay about $38 billion in taxes -- likely the largest payment of its kind -- on profits repatriated from overseas as it boosts investments in the United States. / AFP PHOTO / Josh Edelson
President Donald Trump said Jan 18 that he called Apple Inc chief executive officer Tim Cook to thank him for announcing hundreds of billions of dollars in US investments following passage of Republican tax legislation last year.
Apple said Wednesday it would return hundreds of billions of dollars to the US from overseas, pay a US$38bil (RM149.62bil) tax bill on that money and invest about US$350bil (RM1.37tril) in its domestic operations over the next five years. The company plans capital expenditures of about US$30bil (RM118.12bil) and will create about 20,000 new jobs at existing sites and a new campus.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
