Apple to pay $38bn Trump tax bill

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The iPhone maker plans

capital expenditures of $30bn in the US over five years and will create 20,000 new jobs at existing sites and a new campus it intends to open, the Cupertino, California-based company said Wednesday in a statement. Apple’s shares rose 1.7pc to a record closing price of $179.10 in New York.
“We are focusing our investments in areas where we can have a direct impact on job creation and job preparedness,” chief executive officer Tim Cook said in the statement, which alluded to unspecified plans by the company to accelerate education programs.