Pure Storage Chief Warns: Current Tax Regulations Could Drive American Firms Abroad
NEW YORK — CEO Charles Giancarlo of Pure Storage voiced concerns that the current U.S. tax policies are catalyzing a trend where American technology firms establish bases overseas. According to Giancarlo, the international tax framework, particularly the repercussions of the Tax Cuts and Jobs Act enacted under the Trump administration, discourages business operations within the nation’s borders, driving companies to seek tax relief through international avenues. Pure Storage, which specializes in flash-array storage solutions, has faced these tax challenges firsthand, compelling the management to contemplate a shift in operational dynamics to benefit from more favorable … Read more