DealBook Briefing: The New Fault Lines in the Tax Overhaul<br />Here are some of his main points:<br />• “It is a simple but true concept, customers drive business growth, not tax rates, not mythical<br />‘job creators.’ Tax rates impact profitability, but are only very indirectly tied to hiring.”<br />• “Labor markets determine salaries, not tax rates.”<br />and member of the board of directors at a public company, I can tell you<br />that if we had an increase in profitability we would have been delighted but it would not lead in and of itself to more hiring or an increase in wages.”<br />Other executives responded with their experiences and opinions.<br />Extra credit: The news of her departure came just days after Apple released its latest diversity report: 32 percent of its employees<br />were women, up 2 percentage points from 2014, while 56 percent of its work force was nonwhite, little changed from three years ago.<br />• “A sizeable minority of respondents (39 – 40%) see bitcoin as a potential analog to physical gold, both as a safe haven<br />and a hedge against mistakes in central bank monetary policy,” Mr. Colas writrs.<br />Extra credit: Ron Johnson of Wisconsin became the first Republican senator to publicly oppose his party’s tax change plans<br />because he wanted more favorable treatment of small businesses, according to the NYT.<br />Nearly 41% consider bitcoin a safe haven similar to gold, and 39 percent view bitcoin as a hedge against monetary policy.
