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On Thursday, President Trump asked Republican legislators to end the tax exemptions on the preserved benefit.
The tax exemption allows the directors of private stock funds and projects to deal with their profits from investments at the rate of low capital profits, and not as an ordinary income.
The removal of tax exemption will be a great success for the VC industry.
“The interest that is carried on smart and highly dangerous investments in highly growing startups,” the head of the National Investment Capital (NVCA) Bobby Franklin He said in a statement.
Trump ended the vulnerability of the benefits that he carried when he campaign for the presidency in 2016. However, when he took office for his first term, the removal in the 2017 tax cuts law was not included. The Tax Law has been amendedExtending the period of preserving assets to qualify to obtain the rate of capital profits from one to three years.
Since investment capital companies rarely sell assets a year after investing for the first time, this amendment was completely satisfactory to this industry.
“Trump’s tax legislation for 2017 has remained an investment in the project that flows to emerging technologies such as artificial intelligence, encryption, life sciences and national defense. Franklin said the change will now lead to disrupting this progress and is not inappropriately affected by young investors, especially in Central America.”
Despite the fears of NVCA, the vast majority of the capital invested in emerging technology companies come from New York and Silicon Valley, with northern California survival Special.
