Our 4-Step programme to support the tech industry. The technology sector might be most negatively affected, in my view,” says Oppenheimer CIO Krishna Memani. Plus receive limitless digital access at $19 per month after six-month introductory provide. Goldman Sachs analysts lower their weighting on the S&P tech sector to neutral lately, noting it faces headwinds from tax legislation.

Overseas operations of U.S. companies have been hoarding cash abroad in order to not pay U.S. taxes, but congressional tax plans would encourage firms to repatriate that cash with a low one-time tax break as they move to a new territorial tax system.

In that point, we now have performed a privileged position in supporting the growth of the tech group that now contains over 9,000 corporations, employing greater than ninety,000 individuals, and that has been one of the strongest contributors to BC’s economic development over the past decade.

Goldman is overweighting financials and industrials, two sectors that might profit from tax reform, but it’s still positive on tech although it views it as a neutral weight. The Hokies have performed in the TaxSlayer Bowl — then known as the Gator Bowl — five occasions beforehand.