Apple issues $2,500 bonuses to employees after new tax law

People walk past the Apple logo at the Apple Store at Grand Central Terminal in New York. A US judge signed off on Apple's $450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books on November 21, 2 Photo: TIMOTHY A. CLARY / AFP

NEW YORK – Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter.

READ: New iPhones deliver big profits for Apple

Earlier in the day, Apple said it would make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of the tax cut signed by U.S. President Donald Trump.

Reuters

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