TV News LIES

Monday, Dec 22nd

Last update12:29:56 AM GMT

You are here News Economy Technology Companies Lobby U.S. Lawmakers for Lower Corporate Tax Rates

Technology Companies Lobby U.S. Lawmakers for Lower Corporate Tax Rates

E-mail Print PDF

John Daane, chief executive officer of Altera Corp.A group of Silicon Valley corporate leaders ventured to Capitol Hill this week with a message for U.S. lawmakers: If you don’t lower our taxes, plenty of other countries will.

The 18 CEOs and other executives met with dozens of legislators March 16 and yesterday with the aim of also protecting government spending on scientific studies and tax deductions for corporate research and development while pushing for changes they say will make their companies more competitive.

It was the Semiconductor Industry Association’s first lobbying tour since moving its headquarters from San Jose, California, to Washington last September, and a bid by the industry to flex its muscle as one of the country’s biggest exporters.

“The U.S. is competing with countries that want to build a semiconductor industry,” said John Daane, chief executive of San Jose, California-based Altera Corp., which designs programmable semiconductors. “Malaysia is offering a tax holiday to lure the businesses, and it’s basically a zero percent tax rate.”

Altera, whose devices are key components of products such as mobile phone base stations, already outsources much of its business to low-cost countries. The company has two research centers in the U.S., along with several sales offices. All of its chips, though, are made by Taiwan Semiconductor Manufacturing Co.

More...


Most Recent Related Stories...


Inequality Between America's Rich and Poor Is at a 30-Year High

economic inequality at 30 yr. highThere are many ways to compare finances, but perhaps a more holistic measure of financial health...

US adds 321,000 jobs, the most in nearly 3 years

unemploymentU.S. employers added 321,000 jobs in November, the biggest burst of hiring in nearly three years...

More Sears and Kmart closings than first announced

Sears closingsSears Holdings, the parent company to Sears and Kmart, announced it will close another 235 stores...

How Executive Ended Up With $196 Million in an IRA

IRA investmentCorporate and private-equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!