APPLE PLANS TO PAY $38 BN IN TAX ON OVERSEAS MONEY

In response to the new U. S. tax law, Apple says it will bring hundreds of billions of dollars back to the US from overseas and pay about $ 38 billion in taxes on the money. It will also spend $ 30 billion in the US over the next five years, setting up another campus and creating 20,000 jobs. Apple will further hand out bonuses of $ 2,500 in restricted stock to most of its employees.