This article was published by The McAlvany Intelligence Advisor on Monday, January 22, 2018:
After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.
It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”
Apple is already responsible for creating and supporting over 2 million jobs across the United States, and expects to generate even more jobs as a result of the initiatives being announced today.
The numbers are almost incomprehensibly large. Apple generates worldwide revenues of $230 billion, making profits of nearly $50 billion. It employs 124,000 people worldwide, 84,000 of them in the U.S. It has independent contractual arrangements with another 1.6 app designers, to whom it paid $5 billion last year. It operates 500 retail stores worldwide.
Apple’s biggest problem is that