Tax policies can have a significant impact on startups, which often rely on pro-growth and innovation provisions to attract talent and provide new avenues for revenue growth. Programs like Opportunity Zones, which provide tax incentives for companies which relocate into economically depressed areas, can help startups grow. However, forcing startups to comply with an opaque patchwork of 50 state online sales tax laws, a reality facing startups after the Supreme Court’s decision in South Dakota v. Wayfair can hurt them.
Lawmakers lament detriment to startups of Trade Rep’s digital trade reversal
Foreign nations are saddling U.S. companies — including startups — with discriminatory burdens.
Foundational trade policy may be extended, staving digital tariffs for now
A coalition of 42 U.S. startups, investors, and startup support organizations across 18 states sent a letter urging U.S. trade policymakers to support the growth and competitiveness of the startup ecosystem through smart digital trade policy. The letter calls on policymakers to support policies enabling cross-border data flows, making permanent the moratorium on the imposition of customs duties on electronic transmissions, and providing resources to help startups compete abroad.