Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

By Stephen Nellis(Reuters) - Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S.

investment plan.Apple said it plans a wave of investing and hiring in the United States and will create 20,000 jobs through hiring at its existing campus and the new one. It will announce the location later this year.About a third of the new spending will be on data centres to house its iCloud, App Store and Apple Music services. The company.....

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