Taxes top tech firms' list of worries
Tax liability is among the tech industry's biggest concern when it comes to regulatory issues affecting their business, according to a BDO analysis of recent annual shareholder reports from the 100 largest publicly traded firms. Potential U.S. tax reform and global tax regulations top the list.
Why it matters: Tax and trade changes affect all businesses, but tech companies are especially sensitive to tax structures because of their global supply chains and reliance on foreign markets for manufacturing and customers. President Trump's tax reform framework released in April is still very much in flux. Still, many tech companies are reserving their political capital in Washington to take on the issue.