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Apple commits $430B in US investments over five years

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Re: Apple commits $430B in US investments over five years

#101

Post by nix23 »

temp8964 wrote: post #67
Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

Why investments should be like charitable act? Investments are suppose to be win-win, because they are investments, not handing out money ... Also, it is a very low level misconception that paying local taxes is how you contributing to the local community. No. Investing is already contributing to the local community. The business will build campus there, and hire people there, and also increase other local businesses…

>>Apple phrases their business investments like they're performing some great charitable act.

Phrases....

Re: Apple commits $430B in US investments over five years

#102

Post by gruez »

gowld wrote: post #44
est31 wrote: post #26

Earlier quoted context omitted.

I tried to look up this figure, using the following link: https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc/A... If I add up the entries of the "federal" line, I get $69 billion for the 5 columns 2020, 2019, 2018, 2017, 2016. Am I doing something wrong here? This is only the federal tax, not even the state tax, which would probably count into "domestic corporate income taxes" too.

What happens if you add/subtract those negative "deferred" lines?

deferred just means "put off untill later", right? ie. they'll still have to pay it, just in a later tax year?

Re: Apple commits $430B in US investments over five years

#103

Post by est31 »

gowld wrote: post #44
est31 wrote: post #26

Earlier quoted context omitted.

I tried to look up this figure, using the following link: https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc/A... If I add up the entries of the "federal" line, I get $69 billion for the 5 columns 2020, 2019, 2018, 2017, 2016. Am I doing something wrong here? This is only the federal tax, not even the state tax, which would probably count into "domestic corporate income taxes" too.

What happens if you add/subtract those negative "deferred" lines?

The sum of the deferred lines is, for federal corporate income tax, $51.4 billion. The difference is $9 billion...

IDK I dont know much about US tax law, financial reports, or the like. So maybe I did something wrongly. It'd be interesting how they obtained that figure in the press release.

Re: Apple commits $430B in US investments over five years

#104

Post by JKCalhoun »

Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

I don't know, with so much of American business capital seemingly having gone to Asia in the past several decades, it is rather charitable to be investing in the U.S.

I mean, I wish it were not, I wish it were normal for U.S. business to invest in the U.S., but here we are.

Re: Apple commits $430B in US investments over five years

#105

Post by pydry »

temp8964 wrote: post #67
Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

Why investments should be like charitable act? Investments are suppose to be win-win, because they are investments, not handing out money ... Also, it is a very low level misconception that paying local taxes is how you contributing to the local community. No. Investing is already contributing to the local community. The business will build campus there, and hire people there, and also increase other local businesses…

>Why investments should be like charitable act?

That's the point. It isn't. The OP was asking why it's therefore being sold as one.

Re: Apple commits $430B in US investments over five years

#107

Post by dev_tty01 »

Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

Please indicate the phrases that imply a "great charitable act." I see normal, straight-forward corporate press release speak. If Intel or Google were making a similar announcement it would sound quite like this one. They are making significant investment. Would you "give them credit" if they were not making the investments?

Re: Apple commits $430B in US investments over five years

#109

Post by dalbasal »

I'm probably reading too much into this, but it feels like this and other corporate announcements are channeling a pretty substantial shift in political-economic mood, theory-space or whatnot. They seem to be justifying themselves in ways that were previously unnecessary.

If Monetarism really is being abandoned, I predict unpredictable changes to economic thinking across the board. It was definitely impactful on the way in. I suppose unicorns zooming past the $trn mark is connected too.

The "cash accumulation" aspect of FAANG economies is (IMO) hard to digest in terms of economic theory. Rather that existing to finance economic activity, these companies make stock markets look like they exist solely for liquidity: cashing out VCs, compensating executives, etc. There is no "I need $1bn to build a new factory or something." There is no equity/debt ratio. Most of the texbook (at least mine, from circa 2003) doesn't apply. Apple/etc have plenty of cash, and don't need capital to expand either way. Economics has surprisingly little (new) to say about why dividends aren't happening, the difference between buybacks & dividends or cash accumulation generally.

I can think ways to "story" cash accumulation. Eg, instead of investors getting dividends and buying Vanguard or Bitcoin, FAANGs might as well just buy the securities on their behalf. This could be an argument, but I haven't heard it made. I'm not advocating it, just eg.

A "hostile" story might be that Apple are hogging all the capital that should be available for Tesla or some other company that actually needs capital.

In any case, I suspect there is more pressure to invest big sums than we know.

Re: Apple commits $430B in US investments over five years

#110

Post by mrits »

delfinom wrote: post #50
gogopuppygogo wrote: post #46

Earlier quoted context omitted.

I’ll wait to see the halo effect of high paying tech jobs in a community. Any community with half a functioning government should give tax breaks to get these kinds of jobs from such a reputable company.

>I’ll wait to see the halo effect of high paying tech jobs in a community. Increased homelessness from rapid gentrification

What you are saying is not possible at Apple with quotas in their hiring process.
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