Apple plans to inject more than $350billion into the US economy over the next five years by creating 20,000 jobs, building a second headquarters, and by paying a $38billion tax bill on their foreign assets. Now, under Trump's tax reforms, they are set to pay off the biggest repatriation tax bill in history on their $252.billion in overseas cash, with the money filtering back into the American economy. 'Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,' said Tim Cook, Apple's CEO. Apple released a statement on Wednesday, saying they will contribute $350billion to the U.S. economy over the next five years. Apple said it plans to spend $55 billion with U.S.-based suppliers in 2018, up from $50 billion last year.

Source: Daily Mail January 17, 2018 18:36 UTC