|Submited on :||Sat, 27th of Jan 2018 - 08:05:31 AM|
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This is the best tl;dr I could make, original reduced by 92%. (I'm a bot)
New tax rules are hastening automation and modernizing in U.S. factories, giving manufacturers an incentive to buy machinery and boost productivity in a tight labor market.
Mr. Mathas said he plans to spend at least $1.5 million this year to add three or more robots to a production line in lieu of workers he is struggling to find.
Aluminum producer Novelis Inc. is among the bigger companies planning to build new plants or spend more on factory equipment this year in part because of the beefed-up depreciation benefit.
To read the full story
Apple, the world's most profitable firm, has a secretive new structure allowing it to continue avoiding billions in taxes, Paradise Papers show. They sidestepped a 2013 crackdown by actively shopping around for a tax haven, landing $252bn on the Channel Island of Jersey.
Walmart Officials Plan To Cut Thousands Of Jobs Through Store Closures, Automation - Walmart credited the tax plan for its recent bonuses and pay increases, while at the same time quietly planning to eliminate stores and create facilities that have no cashiers.