WASHINGTON – ITI, the global voice of the tech sector, released the following statement from Senior Vice President for Government Affairs Andy Halataei after President Donald Trump released principles for tax reform:
“The prioritization of tax reform from both President Trump and Congress presents a key opportunity to modernize our tax code and unleash future innovation in the tech sector,” Halataei said. “The U.S. economy is increasingly data driven and digital, but our tax rules from a bygone era in the 1960s put our most innovative companies on an uneven playing field as we compete around the world. We stand ready to support tax reform that lowers the corporate rate, moves to a territorial system in which profits are taxed where they occur, and invests in innovation that is needed to drive our economy to new heights of prosperity and job creation for the American people. We appreciate today’s announcement from the Trump Administration and see it as a step towards advancing these objectives”
ITI considers tax reform a key priority for the 115th Congress and in March convened an event bringing together policymakers and tech industry officials to discuss tax reform and the key issues facing innovation sector companies.
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