Donald Trump stubbornly pursues his ambitious goal to make America great again. Thus, his tax reform has proved to be useful. The country’s budget will increase by 38 billion dollars as tech giant Apple is going to pay this sum as taxes. And it is not some sort of an ultimatum, trick or payoff. It is just a normal reaction of the domestic manufacturer to quite favorable conditions created by the government.
After the amendments had been adopted, the corporate tax rate decreased significantly, prompting the US companies to bring their revenues back home from overseas. As a result of the reform, the tax rate was cut to 20% from 30%. Now the biggest smartphone manufacturer plans to ramp up its production capacity in the United States which will create over 20,000 new jobs and secure investments of 30 billion dollars. Thus, prudent reforms may be beneficial not only to business owners but also to the government itself.
Moreover, Apple announced plans to pay bonuses of 2.5K dollars to all its employees below a senior-level. Interestingly, the iPhone maker will save over 40 billion dollars thanks to the tax reform, initiated by Donald Trump. If the tax rate remained at 35%, the company would have to pay 78 billion dollars.
