US Tax Reform: how technology companies are experiencing the change

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6 minute read 11 Jun 2019
By

Channing Flynn

EY Global International Tax Services Partner, Tax Technology Sector Leader and Digital Tax Leader

Global technology and digital tax leader. Traveller who enjoys fly fishing in remote locations, skiing, sailing and getting lost in small villages. Father. Soccer and flag football coach.

6 minute read 11 Jun 2019
Related topics US tax reform TMT

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EY global tax professionals provide insight on how the Tax Cuts and Jobs Act of 2017 is impacting companies in the technology sector both in the United States and around the world.

At nearly the 18 month point since the December 2017 enactment of the Tax Cuts and Jobs Act (TCJA) and after thousands of pages of technical guidance from the US Treasury Department, technology companies are beginning to see more clearly how the key components of the TCJA are affecting them.

How will these provisions affect technology companies in the short term and how will they change how technology companies plan and model the future impact of tax reform on their companies — the elements that will come into play four to five years from now?

In this segment, we will hear from our EY professionals around the world serving clients in the technology industry on how the TJCA has had on impact of all aspects of the tax profile. We will hear many of the anticipated challenges, the unexpected surprises as well as details on how well the TJCA is providing for job growth and other investment benefits in the tech sector well as the impact, if any, on the M&A market.

Finally, we will turn to our colleagues outside of the United States to hear about the many impacts occurring in the international locations where technology thrives.

Summary

The Tax Cuts and Jobs Act of 2017 is providing opportunities, while also presenting unforeseen complexities and impacting the profile of technology companies, especially in the M&A sector.

About this article

By

Channing Flynn

EY Global International Tax Services Partner, Tax Technology Sector Leader and Digital Tax Leader

Global technology and digital tax leader. Traveller who enjoys fly fishing in remote locations, skiing, sailing and getting lost in small villages. Father. Soccer and flag football coach.

Related topics US tax reform TMT