Apple to Give Employees $2500 Following New U.S. Tax Laws

Apple told employees today that it's issuing a bonus of $2,500 worth of restricted stock units following the introduction of new U.S. tax laws, reports Bloomberg.

The iPhone maker will begin issuing stock grants to most employees worldwide in the coming months, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The move comes on the same day Apple said it would bring back most of its cash from overseas and spend $30 billion in the U.S. over the next five years, funding an additional technical support campus, data centers and 20,000 new employees.

Apple joins a list of companies including AT&T, Comcast, JetBlue, and Wal-Mart who are giving employees bonuses following President Trump's new tax laws. In an email to employees, Cook says this demonstrates his 'confidence in Apple's future' and that both full-time and part-time employees across all departments are eligible. Cook also said the company would contribute twice the amount of each employee's charitable donation, up to $10,000, through the end of the year.





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