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

(Reuters) - 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.

The company will begin issuing stock grants to most employees worldwide in the coming months, the report said. ( 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.

This article is no longer available in our repository.

There could be multiple reasons for this.