NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Joe Biden
    United States of America
    COVID-19
    Pakistan
    Russia-Ukraine crisis
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / World News / Uber CEO quits Trump's business advisory
    World

    Uber CEO quits Trump's business advisory

    Uber CEO quits Trump's business advisory
    Written by Supriya
    Edited by NewsBytes Desk
    Feb 03, 2017, 11:25 am 3 min read
    Uber CEO quits Trump's business advisory

    Uber CEO Travis Kalanick quit US President Donald Trump's business advisory group citing differences of opinion over the Trump administration's controversial immigration policies. Kalanick said joining the group "has been misinterpreted" as "an endorsement of the president or his agenda." Many of Uber's drivers are immigrants themselves. Uber's spokesperson Chelsea Kohler confirmed that Kalanick has quit the group.

    Donald Trump meets with a bevy of corporates

    President-elect Donald Trump will be meeting with the biggest names of Silicon Valley today including Amazon's Jeff Bezos, Facebook's COO Sheryl Sandberg and Tesla Founder Elon Musk. The closed door meeting is expected to be held at the Trump Tower and the meeting's agenda has not been disclosed yet. Let's take a look at what is likely to be discussed.

    Revert to manufacturing locally

    Trump has called on American tech companies to manufacture their products locally. Recently, Trump threatened firms with punitive taxes if they continued to shift jobs overseas. Peter Thiel, PayPal founder has endorsed Trump's stand; Apple founder Steve Jobs said long ago manufacturing iPhones locally wasn't feasible. Elon Musk established companies that make cars and rockets in the US and may have suggestions for policy-changes.

    Corporate tax structure

    To boost domestic manufacturing, discussions on corporate tax-cuts are likely. Tax cuts will have significant ramifications for tech companies; several including Apple, Microsoft and Cisco hold massive cash holdings outside US to defer taxes. Corporate-tax reform could encourage investment into the US, and tech companies have for long sought taxes on global profits to end. Tax-reform could be a standout discussion at Trump's meeting.

    Protectionism against imports

    Republican lawmakers are working on legislation called "border adjustment" that would provide major gains to US companies with regards to exports while imposing new taxes on imports into US. This form of 'protectionism' could have an adverse effect on global supply chains. Experts believe governments in Europe and China may take retaliatory measures against American businesses that could have negative ramifications.

    "Border adjustment" ill-advised

    Advisors at petroleum conglomerate Koch Industries, traditionally Republican supporters, believe protectionist tax reform meant to boost US exports "could be devastating" for the economy and the consumers.

    Stand on minorities

    The focus on corporate issues would be the meeting's core agenda however many remain concerned about Trump's stand on civil liberty issues. During Trump's campaign, he threatened to ban Muslims, relax libel laws and deport immigrants. His position alarmed many and engineers at tech firms even initiated petitions committing that they would never build registries identifying people based on religion and faith.

    Tech employees take a stand

    200 employees of tech companies including Twitter Inc, Google and Salesforce have pledged that they won't participate or help Donald Trump's administration to create a data registry that can track people based on religion or provide any assistance with mass deportations.

    Trump, Tech CEOs break the ice at meeting

    President-elect Donald Trump's meeting with the CEOs of top US companies was closely watched by analysts; many of the CEOs openly opposed Trump's presidential bid. Apple CEO Tim Cook and Tesla and SpaceX CEO Elon Musk are said to have got a private discussion with Trump; Trump jokingly demanded that everyone has to like him now. The group will reportedly meet every quarter.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Latest
    Donald Trump
    Travis Kalanick
    Elon Musk
    PayPal

    Latest

    5 jobs best suited for digital nomads Lifestyle
    Sony's newly launched Walkman costs more than an iPhone 14 Sony
    Jennifer Aniston dons Manish Malhotra 'lehenga' in 'Murder Mystery-2' trailer   Hollywood
    WhatsApp iOS users are failing to update their privacy settings WhatsApp

    Donald Trump

    Donald Trump kicks off 2024 US presidential election bid US President
    Meta to reinstate Donald Trump's Facebook and Instagram accounts  Meta
    Republican Kevin McCarthy named US House speaker in marathon voting US House of Representatives
    Congressional panel probing Capitol riot recommends criminal charges against Trump US Congress

    Travis Kalanick

    Uber's employee, now a billionaire, was hired through a tweet Uber
    #SexismInSiliconValley: Men are considered rocks, women as Silicon implants Uber
    Uber is getting a new look as part of rebranding Uber
    100 gms of entrepreneurship: What are the ingredients WhatsApp

    Elon Musk

    Twitter working on payment tools to build an 'everything app' Twitter
    Elon Musk's Twitter to get fewer advertisements, ad-free subscription plan Twitter
    What's happening at Twitter: From auctioning furniture to falling revenues  Twitter
    Falling revenue and estranged advertisers leave Twitter in a turmoil Twitter

    PayPal

    Instagram users can now pay for purchases directly in Chat Technology
    Happy birthday Elon Musk: Tracing his life and key milestones Business
    NewsBytes Briefing: Google learns blackmailing Australia doesn't work, and more Technology
    PayPal will shut down domestic payments business in India Business

    Love World News?

    Subscribe to stay updated.

    World Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023