See I heard from lot the business guys about the tax reform, they say it's good and it's good also for tech since they could get atleast 4 Trillion USD
from offshore, seriously it's $4 TN, in that bill there is a provision where Apple and Google and other tech companies wil get the money back, instead of paying 39% tax, the congress is making a deal to lower it to may be one time 15%. Watch what happens these companies get $4 TN back.
Corporate tax rates will be 20%...Right now it's 39%...
A lot of companies moved to Canada for 15% tax rate, like Burger King acquired Tim Hortons.
Tax heavens are made for companies like Apple and Google to park their money. Trump is coming and saying, bring the money back and spend it here. The stock market is $5.5 TN, up after the elections. Trump is a MF genius....
When the economy is great there will be also an immigration reform, it's the Republican agenda. (Immigration not for all, but for some)
Go back in history with Ronald Regan, he did the tax reform and the immigration.....
In all this will he help H1B's, I don't know.....only if there is a shortage there will be a reform for H1B's.
Look they started H1B in 1990....and there was tech boom 7-8 years down the line, every other dude from India, without much experience went to APTECH, NIIT....for tuitions....and with that certificate they came here.....
These people did not know much about IT or CS. Very few people, only in the Bay Area were involved....now it's all over.
The Congress will only do it, till there is a shortage or forthcoming shortage...
So what will all these tech companies do with $4 Trillion.....
AI, Flying cars, blockchain.....all the good stuff.
if US fucks up, like it's doing now, The next boom town is Canadian cities....I saw somewhere that Toronto created more tech jobs than Bay Area and NYC, for a particular month.....
If Canada seizes the opportunity, you could see million dollar houses and ferraris around Waterloo.....