The Soapbox

Joined: 06/03/2005 Posts: 31074
Likes: 52497

What's this?

Why would they move manufacturing? The "manufacturing"

that takes place in China is mostly final assembly anyway which doesn't require a highly skilled workforce so it wouldn't make sense to move that type of job to the US. It should also be noted that the components that go into the final assembly process which takes place in China are made all over the world (including the US), but mostly in Taiwan, Japan, South Korea, and of course China.

Still this announcement is nothing to sneeze at. 20K jobs is significant. And the $38 billion in taxes is 13% of the TOTAL corporate income taxes paid by ALL companies in 2016. Think about that... just ONE company, as a result of repatriation taxes (which are a 100% direct result of the corporate tax changes), is going to pay an amount in taxes equal to 13% of the total corporate taxes paid in 2016. That's pretty astounding.

And while no company has the cash overseas that Apple does, companies like microsoft, google, oracle, cisco, have hundreds of billions of dollars combined sitting overseas. This is money that would never be taxed without corporate tax reform.

(In response to this post by Seattle .Hoo)

Posted: 01/17/2018 at 6:39PM

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Current Thread:

Apple- Hmmm, what are you doing? -- Charleston Cav 01/17/2018 5:44PM

Hoping this is the first of many. It is not necessarily huge... -- GoochlandHoo 01/18/2018 07:24AM

The additional taxes aren't necessarily huge in the context -- BocaHoo91 01/18/2018 10:12AM

So this is Armageddon? ** -- Tuckahokie 01/17/2018 11:37PM

Tax cut was not fully priced in -- dajoka004 01/17/2018 7:16PM

That’s certainly possible. -- fphoo 01/17/2018 9:17PM

Only people calling this market a bubble are the fear mongers -- dajoka004 01/18/2018 06:51AM

Sorry. iPad. Look closer. -- DanTheFan 01/17/2018 6:32PM

Get Trump Dan. Get Trump. -- Hokieesith 01/17/2018 6:39PM

What’s your point? -- DanTheFan 01/17/2018 6:46PM

They accessed the money by borrowing in the US, to the tune of $115 billion -- BocaHoo91 01/17/2018 8:02PM

Sure. -- DanTheFan 01/17/2018 9:33PM

So what did you think they paid to borrow that money? -- 111Balz 01/17/2018 8:40PM

1.5% to 2.0%. What's your point? It's still not a "bookkeeping trick" -- BocaHoo91 01/17/2018 8:43PM

Did I say it was. Is there anything in my post that says that -- 111Balz 01/17/2018 8:45PM

I never said it caused them material harm. I was responding to Dan's -- BocaHoo91 01/17/2018 8:58PM

Serious question: could a domestic sub borrow from a foreign sub? ** -- 111Balz 01/17/2018 9:05PM

Not without tax consequences. ** -- BocaHoo91 01/17/2018 9:24PM

I suspect he won’t respond to this one -- dajoka004 01/17/2018 8:24PM

Your reading is pathetic. What did Dan say that was negative -- 111Balz 01/17/2018 8:43PM

Can we also just agree that the parts of the tax bill that encourage -- WahooRQ 01/17/2018 6:52PM

Sure. Obama proposed it in 2015, but Republicans.... -- Shenhoo 01/17/2018 6:56PM

I don't like to post skads of paragraphs. -- Shenhoo 01/17/2018 6:37PM

Let's see what actually happens instead of relying on a survey -- BocaHoo91 01/17/2018 6:43PM

You would be correct and shen was busted pretty easy ** -- TomKazanski 01/17/2018 6:49PM

9/100 is a small minority. ** -- Shenhoo 01/17/2018 6:57PM

Of companies that go on record with -- BocaHoo91 01/17/2018 7:24PM

Why would they not respond? I guess we'll see won't we ** -- 111Balz 01/17/2018 8:48PM

Because they're public companies. As a general rule they -- BocaHoo91 01/17/2018 8:56PM

As a banker I see public companies respond to surveys like that -- 111Balz 01/17/2018 9:09PM

Even no brainer questions get a no comment, a generic -- BocaHoo91 01/17/2018 9:23PM

Honestly, not sure what you are even talking about -- 111Balz 01/17/2018 9:27PM

Yes, I agree, although most of those are conducted for -- BocaHoo91 01/17/2018 9:35PM

Well, we'll just disagree on this one. ** -- 111Balz 01/18/2018 07:45AM

You could make the counterpoint it is a majority. ** -- Shenhoo 01/17/2018 7:29PM

Or you could read TK's post below. You might learn something from him. -- BocaHoo91 01/17/2018 8:22PM

Boca....that is still 9 of a 100. No matter how you spin it ** -- 111Balz 01/17/2018 8:50PM

It's a meaningless study. No matter how you spin it. ** -- hoothat 01/17/2018 9:35PM

It wasn't really a study. It was a survey. It's a data point. Could turn -- 111Balz 01/18/2018 08:06AM

I knew as soon as I posted that you would correct me. -- hoothat 01/18/2018 09:40AM

Well, it might be. You of course are welcome to form your own assessment ** -- 111Balz 01/18/2018 11:07AM

Still looks like a minority--in light of no additional evidence. -- Shenhoo 01/17/2018 8:42PM

I'm arguing that anyone who puts any stock in the results of a generic -- BocaHoo91 01/17/2018 8:54PM

I'm arguing Apple is a small minority. -- Shenhoo 01/17/2018 8:55PM

You can argue that all you want, but the point is you don't know -- BocaHoo91 01/17/2018 9:04PM

Yes. I do. Name the other 42 and have a majority. ** -- Shenhoo 01/17/2018 9:05PM

You're a fool. Get Trump, fool.** -- Hokieesith 01/17/2018 9:31PM

There's an old saying about arguing with fools -- BocaHoo91 01/17/2018 9:21PM

He may have unlearned math from reb. That was a headshaker ** -- 111Balz 01/17/2018 8:51PM

Meant for Tom below. ** -- Shenhoo 01/17/2018 6:38PM

Nothing like a homer with his head in the sand ** -- TomKazanski 01/17/2018 6:35PM

Another ignorant post, Tom. ** -- DanTheFan 01/17/2018 6:36PM

Delete** -- DanTheFan 01/17/2018 6:32PM

Crumbs according to Nanzi ** -- Tuckahokie 01/17/2018 6:14PM

And faz below ** -- TomKazanski 01/17/2018 6:34PM

Apple is a small minority. -- Shenhoo 01/17/2018 6:03PM

Shen pulling a CNN in his soapbox post -- TomKazanski 01/17/2018 6:33PM

Well, they're not moving manufacturing. Don't get me wrong, it's great that -- Seattle .Hoo 01/17/2018 5:55PM

Why would they move manufacturing? The "manufacturing" -- BocaHoo91 01/17/2018 6:39PM

Agree. our corporate tax structure -- Capital City Hoo 01/17/2018 7:18PM