DealBook Briefing: The New Fault Lines in the Tax Overhaul

DealBook Briefing: The New Fault Lines in the Tax Overhaul
Here are some of his main points:
• “It is a simple but true concept, customers drive business growth, not tax rates, not mythical
‘job creators.’ Tax rates impact profitability, but are only very indirectly tied to hiring.”
• “Labor markets determine salaries, not tax rates.”
and member of the board of directors at a public company, I can tell you
that if we had an increase in profitability we would have been delighted but it would not lead in and of itself to more hiring or an increase in wages.”
Other executives responded with their experiences and opinions.
Extra credit: The news of her departure came just days after Apple released its latest diversity report: 32 percent of its employees
were women, up 2 percentage points from 2014, while 56 percent of its work force was nonwhite, little changed from three years ago.
• “A sizeable minority of respondents (39 – 40%) see bitcoin as a potential analog to physical gold, both as a safe haven
and a hedge against mistakes in central bank monetary policy,” Mr. Colas writrs.
Extra credit: Ron Johnson of Wisconsin became the first Republican senator to publicly oppose his party’s tax change plans
because he wanted more favorable treatment of small businesses, according to the NYT.
Nearly 41% consider bitcoin a safe haven similar to gold, and 39 percent view bitcoin as a hedge against monetary policy.