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Silicon Valley all in on tax reform - POLITICO
Microsoft President Brad Smith even said Congress should make legal protections for DREAMers a greater priority than tax reform — a bold stance that turned out to be an outlier in the tech industry.

The tech sector has resisted pressure to cut all its ties with the president, with some executives like Cook explaining their decision as a patriotic or moral duty to provide counsel to whoever is in the White House. "I feel a great responsibility as an American, as a CEO, to try to influence things in areas where we have a level of expertise," Cook told Bloomberg Businessweek in June.


Wealthy, not middle class, would be big winners in GOP tax plan, study says
By BRIAN FALER
Those efforts may be bearing fruit if the Republican tax framework released Wednesday is any indication. Though devoid of many details, the proposed plan would drop the corporate tax rate to 20 percent from 35 percent, preserve research and development tax credits, effectively eliminate U.S taxes on future overseas revenue and allow corporations to bring home trillions of dollars they have stashed abroad at a one-time low tax rate — all provisions the tech industry has fought for.
taxes  siliconvalley  apple  timcook  trumpadministration  politics  americawhatwentwrong 
6 weeks ago by sampenrose

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