What was the significance of the GOP senators passing their version of the tax bill?
What Tax Reform Means for Big Tech

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It led to the dissolution of the Senate.
It marked the first piece of signature legislation for the Trump administration.
It was the final step in the legislative process.
It resulted in an immediate tax cut for all citizens.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the new tax legislation affect the corporate tax rate for tech companies?
It maintains the current rate of 24%.
It increases the rate from 20% to 35%.
It reduces the rate from 35% to 20%.
It eliminates the corporate tax rate entirely.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential benefit for Big Tech regarding overseas cash under the new tax bill?
They are required to repatriate all foreign earnings immediately.
They must pay a higher tax rate on repatriated earnings.
They can defer taxes on foreign earnings until repatriation at lower rates.
They can avoid paying any taxes on foreign earnings.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could telecom firms gain from the new tax bill?
Enhanced deductions for capital expenditures.
A reduction in employee wages.
A decrease in operational costs.
An increase in government subsidies.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current status of the tax bill as discussed in the final section?
It has been implemented nationwide.
It has been rejected by the Senate.
It is still awaiting the president's signature.
It has been signed into law by the president.
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