Apple plans to repatriate its overseas cash

Kai Ryssdal and Molly Wood Jan 17, 2018
HTML EMBED:
COPY

Apple plans to repatriate its overseas cash

Kai Ryssdal and Molly Wood Jan 17, 2018
HTML EMBED:
COPY

Apple announced in a press release today that it’s committing to add $350 billion to the American economy over the next five years. According to Apple, that includes 20,000 new jobs. But it’s unclear exactly where that multibillion-dollar figure comes from. A portion, at least — around $38 billion — is attributed to “a record tax payment upon repatriation of overseas profits.” That means taxes on the over $200 billion in cash Apple is keeping overseas. Marketplace host Kai Ryssdal spoke with Marketplace Tech host Molly Wood to unpack the news. 

Click the audio player above to hear the full interview.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.