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home / news releases / CRM - Tax Selling In Big Tech Before The New Administration Raises Rates

CRM - Tax Selling In Big Tech Before The New Administration Raises Rates

Salesforce.com Inc
  • The threat of a Biden/Democrat capital gains tax hike next year could bring mountains of sell orders in December for the Big Tech leaders.
  • Previous tax-rate changes in 1986 and 2012 led to December selling.
  • Higher corporate tax rates could be problematic also for the tech industry, previously paying little in net operating profits to Uncle Sam.
  • Lagging trading momentum for the technology sector since early September is another concerning development.

For further details see:

Tax Selling In Big Tech, Before The New Administration Raises Rates
Stock Information
Company Name: Salesforce.com Inc
Stock Symbol: CRM
Market: NYSE
Website: salesforce.com
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