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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

#71

Post by geodel »

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.

Well that's the way everyone is doing. When individuals eating some good food nearby call it "supporting local African-american business". Why wouldn't Apple or any other company make a virtue out of necessity.

> I'll wait for an external audit of whether they're paying all the relevant ..

They will be paying minimum legal taxes possible not maximum possible. If this is something one need to feel outraged they can start early and not wait for reports/audits.

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

#72

Post by anon_tor_12345 »

JumpCrisscross wrote: post #68
nanny wrote: post #63

Earlier quoted context omitted.

>Why do you think domestic investment is so economically useless GP never implied that it was "useless" at all. Your question (to use some more Latin) is a total non-sequitur. >there would be a twin top comment lamenting Apple's lack of domestic spending. Yes, different people have different opinions.

> GP never implied that it was "useless" at all The announcement uses the word investment 17 times. Reading that as a charity pitch requires a few logical leaps. Companies announce foreign direct investment all the time. Nobody thinks they're trying to look like a charity.

the subtitle of the article is

>The accelerated commitment will fund a new North Carolina campus and *job-creating investments* in innovative fields like silicon engineering and 5G technology

other pull quotes from the article

>Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching *communities across all 50 states*

>Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone.

> designed to prepare students for careers in hardware engineering and silicon chip design — to engineering programs at *Historically Black Colleges and Universities* across the country.

>bringing *clean energy and high-paying jobs to local communities across the country*.

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

#74

Post by JumpCrisscross »

anon_tor_12345 wrote: post #70
JumpCrisscross wrote: post #51

Earlier quoted context omitted.

> 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 Ap…

>Why do you think domestic investment is so economically useless that it must be a charitable act? that's not what op (the person you're responding to) is saying at all. they're simply saying that apple disguises its infrastructure spending as charity and that that's off-putting. in fact it's not charity and furthers their own goals. it'd be like me claiming to be a philanthropist because i had to a build a road conn…

> apple disguises its infrastructure spending as charity

Except it doesn't. It uses the word "investment" 17 times in the announcement. If someone reads this as a charity pitch they're doing mental gymnastics.

Apple is not even doing the whole "Made in the USA" schtick, where companies imply they're taking patriotic pain for the good of the country. This is fully pitched as a competitive play. An investment to yield returns.

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

#75

Post by anon_tor_12345 »

JumpCrisscross wrote: post #74
anon_tor_12345 wrote: post #70

Earlier quoted context omitted.

>Why do you think domestic investment is so economically useless that it must be a charitable act? that's not what op (the person you're responding to) is saying at all. they're simply saying that apple disguises its infrastructure spending as charity and that that's off-putting. in fact it's not charity and furthers their own goals. it'd be like me claiming to be a philanthropist because i had to a build a road conn…

> apple disguises its infrastructure spending as charity Except it doesn't. It uses the word "investment" 17 times in the announcement. If someone reads this as a charity pitch they're doing mental gymnastics. Apple is not even doing the whole "Made in the USA" schtick, where companies imply they're taking patriotic pain for the good of the country. This is fully pitched as a competitive play. An investment to yield…

lol i responded to your other comment. you either didn't read the press release or you're being disingenuous - it is rife with allusion to munificence

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

#76

Post by sumedh »

gruez wrote: post #62
sumedh wrote: post #57

Earlier quoted context omitted.

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

But they're not voluntarily doing so. They don't want to be the only ones doing it.

They are lobbying to increase taxes and giving away their wealth. What more do you want from them?

Are you paying more taxes than you are required to?

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

#77

Post by [deleted] »

arthur_sav wrote: post #30
tolbish wrote: post #17

Correct me if I'm wrong, but I take it the funding going into all of these office spaces means remote working at Apple is more or less impossible in the future for the vast majority of employees?

I see it the other way. Choose to live anywhere in the US and you get a Hub for your team meetings / office space.

[deleted]

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

#79

Post by tracer4201 »

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’m curious if you could quote what exactly in this news is written as if it’s a charitable investment on part of Apple.

If this announcement was in India or China, folks would be grabbing pitchforks that Apple is sending jobs overseas. So they’re bring net new tech jobs here, and your response feels like “damned if you do, damned if you don’t”

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

#80

Post by JumpCrisscross »

troelsSteegin wrote: post #69

So, that's potentially about $85B per year in US spending vs 2020 global revenue of $275B. Would it be fair to say then that two thirds of Apple's planned net "investments" are outside the US?

> $85B per year in US spending vs 2020 global revenue of $275B

$57bn of that was income [1], so about 40% of spend. Which lines up with the 41% of revenues Apple gets from the U.S. [2].

[1] https://www.apple.com/newsroom/pdfs/FY20_Q4_Consolidated_Fin...

[2] https://www.apple.com/newsroom/2020/10/apple-reports-fourth-...

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