At least part of the money, the $38 billion tax bill, will come from a change in USA tax law under the Trump administration that lowered the incentive to store cash overseas. The company refused to bring back its cash to the USA under the old tax code saying the tax penalty would be too high.
Less than 2 years ago, Trump said on the campaign trail that his supporters should boycott Apple products, because of the company's stance on encryption in a terrorism investigation.
"Cook has been sensitive to criticism that Apple's been dodging US taxes. We have a deep sense of responsibility to give back to our country and the people who help make our success possible", said Tim Cook, Apple's CEO.
President Trump tweeted that Apple's decision is a "huge win for American workers and the US!" Later in 2016, then president-elect Donald Trump publicly called out Apple's reliance on China, telling The New York Times that he would "get Apple to build a big plant in the United States, or many big plants in the United States".
Asked in an interview with ABC News whether the job creation announcements were directly related to the Republican tax plan, CEO Cook said, "Let me be clear: There are large parts of this that are a result of the tax reform, and there's large parts of this we would have done in any situation". The planned bonus, reported earlier by Bloomberg, adds Apple to the growing list of companies that are rewarding employees due to the new tax law.
The consumer technology giant revealed its hiring push on Wednesday as part of the company's plans to invest $30 billion in "capital expenditures" in the US over the next five years.
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.