Apple to Give Employees $2500 Following New U.S. Tax Laws

Apple to Give Employees $2500 Following New U.S. Tax Laws

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Apple told employees today that it's issuing a bonus of $2,500 worth of restricted stock units following the introduction of new U.S. tax laws, reports Bloomberg.

The iPhone maker will begin issuing stock grants to most employees worldwide in the coming months, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The move comes on the same day Apple said it would bring back most of its cash from overseas and spend $30 billion in the U.S. over the next five years, funding an additional technical support campus, data centers and 20,000 new employees.

Apple joins a list of companies including AT&T, Comcast, JetBlue, and Wal-Mart who are giving employees bonuses following President Trump's new tax laws. In an email to employees, Cook says this demonstrates his 'confidence in Apple's future' and that both full-time and part-time employees across all departments are eligible. Cook also said the company would contribute twice the amount of each employee's charitable donation, up to $10,000, through the end of the year.

Earlier today, Apple announced that its direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products. More details here.

In total, Apple has around 120,000 employees. Workers below director level are eligible to receive the bonus stock units.

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Apple to Give Employees $2500 Following New U.S. Tax Laws

wow really - January 19, 2018 at 2:28pm
if apple has 120,000 employees bonous paid out would be $3,000,000,000 for those employee. However, will that be true every single employee across the board received $2500 bonous paid? or up to $2500 that completely different.
4 leaf clover - January 18, 2018 at 6:23am
The difference is democratic leaders do not want lower taxes . They want higher corporate taxes of 50% , so they pay more money to the government to pay for free entitlements . A utter scam. Why all the jobs when over seas , and made CHINA and Others extremely wealthy . Their globalist agenda scam ( redistribution of wealth to millennium who thinks they are entitled to free everything ))...
Reader - January 18, 2018 at 3:03am
Thank you! Mr Trump!
Well... - January 18, 2018 at 4:13am
Did you hear that Walmart and Sams club also did bonuses like this, then fired and closed down like 40% of their stores? New tax law isn't really that great. And wait till you have to file in 2019, this years(2019 filed for 2018) taxes are actually going to suck. Trump should be impeached.
Reader - January 18, 2018 at 1:52pm
Listen they are super rich and super greedy. They have so much money in their pocket and they wait to see if they are caught. And if they get caught then they sell you something...they should pay for their mess (look at VW, no more diesel sale in US and some people got to sell their Geta back to VW for more than their value). What I'm saying is instead of giving themselves bonuses of 2500$ they should pay for their mistakes (a closed environment where they control everything including throttling).
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