Apple says it will create 20,000 new jobs and establish a new U.S.-based campus as part of a $350 billion reinvestment in the economy. It's the largest infusion of cash in history.
Apple (AAPL) on Wednesday said it will create 20,000 new jobs and establish a new U.S.-based campus as part of $350 billion in new "direct contribution" to the economy.
Apple also said it expects repatriation tax payments of roughly $38 billion due to changes enacted by the recently-passed GOP tax reform bill. The new tax code calls for a 15.5% repatriation tax rate. The company listed $252.3 billion in overseas cash in its most recent filing with the SEC.