Trump Tax Plan Doesn’t Solve Tech’s Multibillion-Dollar Overseas-Cash Problem - News Summed Up

Trump Tax Plan Doesn’t Solve Tech’s Multibillion-Dollar Overseas-Cash Problem


President Donald Trump’s tax-cut proposals could miss the mark for the tech industry. The key issue for some of the biggest names in tech, the one-time tax rate on stockpiles of cash stashed overseas, remained unanswered by the president’s tax plan announced Wednesday. But Mr. Trump’s plan to slash the corporate tax rate to 15% could be good news for startups. Over the years, many of the tech giants have found ways to lower...


Source: Wall Street Journal April 27, 2017 12:56 UTC



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