Cook refused to "take a position" on how the new tax plan will affect individual Americans but commented on the corporate tax saying, "I do believe the corporate side will result in job creation and a faster growing economy".
The iPhone maker said in a statement it plans to use some of its foreign cash stockpile, which qualifies for reduced tax rates under a recent bill, to invest in new projects.
The company has not said how much of its cash overseas would be brought back to the US.
President Donald Trump said in a tweet that Apple Inc.'s decision to bring hundreds of billions of overseas dollars back to the U.S.is a "huge win for American workers and the US!"
Revealing the news in a press release entitled 'Apple accelerates U.S. investment and job creation', the scheme will also look to create a brand new campus - powered entirely by "green energy" - to house the 20,000 or so fresh workforce in, all by 2023. "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.
In an interview with ABC News last night, Apple CEO Tim Cook (pictured above) offered carefully worded responses about the tax bill's impact on his company's capital spending plans, noting that it would have made some of the intended investments one way or the other.
Over the next five years, Apple said it would focus its capital spending on three areas: direct employment, suppliers and manufacturers, and the "fast-growing app economy".
Apple presently has around 84,000 employees in the U.S. and the company is focusing on investing in such areas where direct employment opportunities will be created, Chief executive Tim Cook said.
The tech giant also plans to build a new campus and create 20,000 new jobs in the US.
It was revealed late previous year in leaked financial documents known as the Paradise Papers that Apple shifted much of its offshore wealth from Ireland to a tax haven in the British Isles. Instead of the 35 percent tax Apple would have had to pay on any overseas cash it brought back to the USA, the new tax law imposes on one-time, 15.5 percent tax on those funds, whether or not they're repatriated.
The world's most valuable company noted at the time that it has earmarked $36 billion to cover deferred United States taxes.
The documents shared with some media outlets by the US-based International Consortium of Investigative Journalists have exposed tactics the wealthy and powerful have used to avoid taxes.
She posted a mysterious last Tweet only three days back which read: "I feel it all around, nothing alarms me any longer". So far, there has been no proof of a link between any of their deaths beyond the fact that they were all porn stars.
E' un 14enne di Mantova uno dei due giovani aggrediti e rapinati da una baby gang a Pomigliano d'Arco, nell'hinterland di Napoli . In dieci, armati di catena , hanno accerchiato e massacrato di botte due coetanei, di 14 e 15 anni .
Twice in this long debate, President Trump walked away from partisan deals to solve all of the issues before us. While both men reported progress had been made, they were unable to reach an agreement to avert a shutdown.
Turkish army units have shelled Afrin sporadically for months as its soldiers secured territory around the Kurdish enclave. Turkish President Recep Tayyib Erdogan had called the USA -proposed force an "army of terror", and vowed to crush it.
But the Wildcats answered with its own 11-0 burst immediately, tying the score at 57-all with 6:22 left on a 3-pointer by Trier. Trier made one of two free throws for a two-point lead and Pickens running 3-point try skimmed off the rim at the buzzer.
By Saturday, the storm system will be moving through the Rockies with heavy snow expected to add up to 1 to 2 feet locally. In fact, there are locations south of the Mason Dixon line that have actually seen more snow than the metro.
The Bentayga will battle in the "exhibition" class, featuring cars such as a Dodge Viper and a 1949 Ford F1 pickup truck. Bentley will reveal more information about the auto and its driver closer to the event date, which takes place June 24.
She landed on Monday, Jan. 15, before being detained by British Customs officials and sent back to Chicago on Thursday, Jan. 18. She has said that homelessness drove her to take "desperate measures" and that she feels safer in airports than in the streets.
The four - Facebook , Twitter , YouTube and Microsoft - are to be joined by Instagram and the Google + social network. On average, the companies removed 70 percent of the content flagged to them, up from 59.2 percent in May past year .
United Kingdom-based Uss Management Ltd has invested 0.84% in Xylem Inc. (NYSE:XYL). 4,541 are owned by Duncker Streett And Com. The total amount of shares outstanding is 179.94 million, giving the company a market capitalization of about 12.80 billion.
The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.
2 dead, 1 injured in Central WI shooting
IHIT is working with the Abbotsford Police Department and the BC Coroner's Service to gather more evidence. Chief Jason Bauer says the lone suspect was found near the crime scene, and has been taken into custody.
Paul Bocuse, pioneer of nouvelle cuisine, dies aged 91
His imposing physical stature and his larger-than-life personality matched his bold dreams and his far-flung accomplishments. He is survived by his wife Raymonde, their daughter Francoise and a son, Jerome. "Paul Bocuse has joined them".
Allegheny County leads state in confirmed flu cases
The CDC reports that as of January 7, about 78 percent of all cases of influenza in the US have been H3N2, the most risky . The flu is so deadly this year that it has claimed the lives of physically fit people all over the country.
Man shot dead at west Dublin halting site
A 27-year-old man seriously injured in a shooting incident at Bridgeview Halting Site shortly after 3pm has been pronounced dead. A black Volkswagen Golf, believed to be the getaway auto , was found burnt out a short time later in a nearby industrial estate.
Trump burnishes his pro-life credentials at DC rally
Who in their right mind considers abortion clinics to be infrastructure? Monday marks the 45th anniversary of Roe v. Supreme Court Associate Justice Neil Gorsuch, along with a growing list of far-right nominees to the federal bench.