[Global Scientific Report] According to foreign media reports on February 15, Apple CFO Luca Maestria said in an interview that if the United States relaxes the tax code, the company will give priority to returning funds to shareholders, and when asked to expand When the United States made its manufacturing base and levied border adjustment tax, his attitude was not optimistic.
Large technology companies such as Apple and Google all have large sums of money in overseas accounts. The Trump administration hopes to ease the tax laws and move these companies back to the United States to revive domestic employment. A reporter asked if Apple could move US$230 billion in overseas funds to the country if tax rates were to drop. What matters the company is first considering, Maestrich said, “will bring more flexibility for the return of funds†. Obviously, his remarks are not what Trump expected. Or being affected by it, Apple's share price hit another record high.
In the following interview, Maestrich also said that “Now, the supply chain of the science and technology industry is basically not in the United States†and it seems that it would be difficult to expand the domestic manufacturing in the United States. For the border adjustment tax, he said that it is hard to imagine the benefits of the adjustment tax. "Ultimately it will increase the end-user tax, which means that the dollar has to appreciate sharply, and the current dollar is already too strong." It will adversely affect the competitiveness and employment of the United States.
Maestria said that Apple has made enormous contributions to the U.S. economy over the past 10 years, and has spent about 1 billion U.S. dollars to create about 2 million jobs in China. It is important to remember this. (Internship Compilation: Wu Xinyuan Reviewer: Li Zongze)
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