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The industry is constrained by an outdated and complex federal tax code that is desperately in need of overhaul to reflect the dynamic evolution of global American businesses.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.
Dec 20, 2017
Nov 29, 2017
Jun 20, 2017
| Dec 20, 2017
The United States Congress passed the Tax Cuts and Jobs Act this week, a package of tax reforms that will overhaul the U.S. tax code for individuals and corporations. Not since 1986 has our tax code undergone such a comprehensive renovation. Consider that in 1986, laptops weighed dozens of pounds, Sergey Brin and Larry Page were still a decade away from launching Google, Mark Zuckerberg was a toddler, and a young Democratic Senator from Tennessee named Al Gore introduced a bill to require the Office of Science and Technology to explore improvements to communications networks for supercomputers.
| Oct 31, 2017
As tax reform deliberations begin in Washington D.C., CompTIA members had an opportunity earlier this month to sit down with key Congressional staff to discuss the issue. The hour-long roundtable gave members the chance to share their corporate tax priorities with staff, and learn more about forthcoming legislation that will reform our tax code.
| 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.