The public relations spin doctors are working overtime at Apple this week.
The tech giant just announced that it will pay $38 billion to the U.S. Treasury in taxes brought home from overseas—and “create” some 20,000 new jobs. It pledged to invest $350 billion in the U.S. over the next five years and give employees $2,500 in restricted stock units.
That’s all spin.
What Apple really unveiled were plans to collect a massive windfall from the GOP’s corporate tax handout. This was a pay-to-play political scam at its ugliest—and the rest of us are the chumps.”
Read the full article at Fortune.