NEWS: Apple to Pay $38 Billion in Foreign Cash Taxes, Plans Major US Spending

Apple Inc. will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash. BApple on Wednesday estimated it would spend $350 billion in the U.S. over the next five years due to the new tax plan changes.

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