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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

#51

Post by JumpCrisscross »

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.

> hate the way Apple phrases their business investments like they're performing some great charitable act

Why do you think domestic investment is so economically useless that it must be a charitable act?

Cupertino is announcing spend. Spending here is better for people here, ceteris paribus, than spending there. If they announced $430bn in new Southeast Asian contracts, there would be a twin top comment lamenting Apple's lack of domestic spending.

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

#52

Post by delfinom »

jacobr1 wrote: post #45
perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

4. Apple was planning to do these things anyway as part of normal operations, and is just spinning them as "investment in the country"

Yep, all tech companies have seen the writing on the wall for overconcentrating their operations in California. People in general have become more and more hesitant to move there for a wide platitude of reasons from absurd cost of living to issues such as mass wildfires.

They've realized that perhaps, just perhaps, they could afford to have more than one large corporate campus at their scale of fuck you money. Which gives them wider access to talent and actually reduces headaches such spiraling cost of living forcing salaries to also spiral upwards and also being expected to solve housing crises locally.

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

#53

Post by cletus »

jacobr1 wrote: post #45
perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

4. Apple was planning to do these things anyway as part of normal operations, and is just spinning them as "investment in the country"

100% this.

So many of these corporate investment announcements are really "look at what we were already going to do".

Amazon HQ2 anyone?

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

#55

Post by sircastor »

Daishiman wrote: post #32
perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

Don't forget 4. doing a good PR so that a Dem-controlled Congress doesn't push for repatriation of corporate cash reserves kept in tax havens.

Didn’t they do this with the former administration’s tax deal?

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

#57

Post by sumedh »

katbyte wrote: post #41
comeonseriously wrote: post #11

Earlier quoted context omitted.

Not attacking you, but I'm so tired of this: "...who has a duty to shareholders to, you know, not pay more taxes than they have to..." Let's make shareholders rich. It'll all trickle down from there...

You can’t expect a company (or individual) to not act in their best interests - it’s up to the Goverment to make the law and tax code fair or redistribute wealth

Warren Buffett and Bill Gates say they should be paying more taxes.

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

#58

Post by OliverJones »

tamcap wrote: post #39
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.

NC just announced they will give Apple close to a $1B tax break... (granted, over up to 30 years)

Arrgh ... never give a sucker politician an even break. RTP is a fine place to put this project, good enough in fact that the state doesn't have to bribe them to do it.

This tax-break-if-you-locate-here thing is a longstanding scam against politicians by companies.

https://www.nbcnews.com/business/business-news/corporate-tax...

These tax incentives should be structured as follows:

1. Do your payroll and pay your payroll taxes (FICA, Federal and State unemployment, whatever).

2. Submit your payroll tax receipts to the state incentive operation.

3. Get a rebate of some percentage of that payroll tax.

In other words, no tax-break payments until people get actually paid.

This incentivizes the company to do what the state wants: employ people in good jobs. If the company gets a "better offer" from some other place and moves, then the state doesn't get completely screwed over.

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

#59

Post by gruez »

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

Seems like you can't win. If you stay in bay area you get accused of concentrating wealth in the bay area and not spreading it. If you move to other areas you get accused of gentrifying the area and pushing poor people out.
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