'We want to help America,' Apple CEO Tim Cook says of moving foreign money back to US


1/17/18

Apple CEO Tim Cook opened up to ABC News after the company announced earlier today that it will be investing $350 billion in the U.S. economy over the next five years, creating more than 20,000 jobs.

In a news release, the company also said it would make a $38 billion tax payment to the U.S. as required by recent changes to the tax law. Apple said this would be the largest tax payment of its kind.

While Cook would not "take a position" on how the new tax plan is affecting individuals' taxes, he said $38 billion tax payment would not have been paid under the old system.

"I hope -- I have that faith -- that it will be used for great purpose for the country, whether that's infrastructure or education, or what have you, that will further supply jobs in the U.S." in the short term, Cook told ABC News chief business, technology and economics correspondent Rebecca Jarvis today.

He also said that Apple “never thought” the old system was “good for the United States” because it kept money overseas and motivated “people to invest elsewhere instead of within the country.”

Apple officials have "always viewed" that the company could only have been started in America and that they feel a responsibility "to give back," Cook said.

"One of the ways to do that is to create jobs," he said.

When asked about the biggest skills missing in job candidates today, Cook said that there is a “huge shortage” of computer and software programmers.

"Demand is far outstripping the supply of workers," he said. "It’s an area where there’s been a disconnect between the workforces being trained in education and the need by companies."

In addition to the stock repayment, Apple will be giving almost all of its employees a $2,500 stock grant, Cook said, calling them the “soul” and “most important” assets of the company for their role in creating its products.

"We’re one of the few -- we’re probably the only company of our size where every person is an owner in the company," Cook said. "… Instead of a onetime kind of bonus, we wanted to do something that lasts a longer period of time."

Apple will also be matching employees’ charitable donations two-to-one, Cook said, adding that he has received lots of emails from "employees who are very happy" since the announcement was made Wednesday morning.

Apple said today it would focus on three areas: direct employment by Apple; spending and investment with its domestic suppliers and manufacturers; and fueling the fast-growing app economy that it's created with the iPhone and its App Store.

"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. We have a deep sense of responsibility to give back to our country and the people who help make our success possible," Cook said in a press release.

Cook said the "educational component" in creating jobs is "huge." Apple has provided a curriculum for kindergarten through 12th grades on using Swift, the programming language developed by the company. It has also invested in community colleges and creating a tutorial for Apple users to learn how to code at its stores.

"It's a place where people go in and hopefully they come out with a little spring in their step," he said. "They know something they didn't know before. ... That's what we aspire to."

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It should be noted that Blowbama once BEGGED Tim Cook to bring Apple back to America...to no avail. Actions speak louder than words. And Tim Cooks inaction basically said, "Your economy sucks, dude!"

 

My friend said to me “what is the name of an Apple?” I said no, it isn’t.

 

But, but, but, the Democrats said the rich were getting billions in tax breaks.... How could this be?

Oh how will the Democrats try to spin this???

 

so they openly admit that they have avoiding paying the taxes they owe and people are happy?

 

Who said they owed them?

 

If Trump commanded, which he doesn't, and Republicans did as he asked, which many don't, he'd have accomplished a lot more than he already has.

 

Great, now maybe they can stop supporting basically slave labor in China and blood coltan in Africa.

 

So, safe to assume you don't own an iPhone or any Apple products? (I don't. Never have.) Do you say that to any of your friends who own an iPhone, iPad, etc?

 

Just no other way to spin it. A company is saying exactly why they are bringing money back to our country.
They are saying why they will expand their company.
They are saying exactly why they will be hiring thousands more people.

Just not any way the democrats can spin this. But they will try and some will accept their efforts.
Many more will laugh at them.

 

Talk is just that, when they actually do it, I'll believe it

 

Since the iPhone 10 costs twice what I paid for a LG G6 a couple days ago, I don't believe that you'll see those being assembled in the US. The selling price would be outrageously high.

 

Cue Neil Diamond "We're coming to America..."

 

Remember folks, if you want to be happy, ignore the negative types.

 

Tim's paying the taxes so trump can build low cost houses so they can move the Chinese slave labours in and still assemble the Iphone at a competitive price. And claim it's all american.

 

No that's Norway