Tax reform is a perennial issue. CompTIA believes that a competitive tax policy is critical for American technology companies to thrive in the US and internationally, with lower corporate tax rates and movement to a territorial tax system.
The industry is constrained by an outdated and complex federal tax code that is desperately in need of overhaul to reflect the dynamic evolution of global American businesses. Both our domestic and international members face the complexity and compliance costs resulting from scores of different tax laws in states and other taxing jurisdictions across the country.
CompTIA members desire a level playing field in both domestic and international tax issues, and CompTIA seeks to eliminate inequities of the current tax codes (both domestic and international), including the ever-increasing costs associated with tax compliance.
Jun 20, 2017
Mar 08, 2017
Feb 15, 2017
| Sep 28, 2017
This week, key Republican policymakers in Washington unveiled a framework outlining their proposed tax reform goals. While the framework is light on details – this isn’t legislative text, after all – it does provide some insight into what the bill’s writers are thinking. For instance, on corporate reforms the framework would lower the tax rate on corporations to 20%, and tax passthroughs at 25%. It would allow businesses to “write off” or expense investment costs – so long as those investments aren’t structures – for at least five years.
| Jun 21, 2017
The House of Representatives this week, passed the Mobile Workforce State Income Tax Simplification Act (H.R. 1393) by a simple voice vote. Passage of the bill with such broad, bipartisan support should send a message to the Senate that it’s now time for that chamber to act accordingly and deliver its own bill (S. 540) for the president’s signature immediately. Many in the IT industry have been monitoring the proposal closely, as it reflects a changing economic landscape and would streamline some of our tax collection laws.
| Dec 19, 2016
Texas Lt. Governor Dan Patrick released this month his top 25 legislative priorities for the upcoming session. Several of these priorities have a specific tech component and others will likely have a significant impact on the broader tenor of debate in the upcoming legislative session Texas. These priorities include: