Special Offer: Try out The Information today for only $10/month for your first 3 months.
About Us
Pricing Corporate Sales
Briefing
Policy

Little-Known Tax Loophole Saving Tech Workers Millions

By Ross Matican
· · Source: The New York Times

As if the free lunches, free health insurance and free commutes weren’t enough, news of another perk for tech workers emerged on Monday in this report from the New York Times. The story describes a tax loophole that allows tech workers to keep millions of dollars in stock gains tax-free as long as they joined their company when it was worth less than $50 million and held on to their stock for...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Apple’s Thin Olive Branch to Critics: The Information’s Tech Briefing
By The Information Staff · Sept. 25, 2020 5:32 PM PDT

Talk about a very thin olive branch. Apple’s decision to waive its 30% commission on in-app purchases relating to online events through the end of the year is about the smallest step the iPhone maker could take to calm critics of its App Store policies and particularly the commission it charges.

In reality, the move is unlikely to do anything to resolve the complaints and will only ...

Latest Briefs
 
Startup CEO That Violated Airbnb Rules Steps Down After Investigation
By Cory Weinberg · Sept. 25, 2020
Podcasting Company Wondery Explores Sale
By Jessica Toonkel · Sept. 25, 2020
Court Sets TikTok Hearing for Sunday Morning
By Alex Heath and Laura Mandaro · Sept. 25, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Startups Microsoft
Tech Execs Are Obsessing Over Note-Taking Apps. We Tested Them Out
By The Information Staff
Investors are newly enamored of note-taking apps, financing startups like Notion Labs, Coda and Roam Research at high valuations.
Profile Media/Telecom Markets
Bourkoff Is Star Media Dealmaker, but Can He Make Shift to Tech?
By Jessica Toonkel
Aryeh Bourkoff hates wasting time. Rather than checking his overcoat when he goes out to lunch during New York’s frigid winters, the investment banker sometimes asks his assistant to walk with him to the restaurant so she can take his coat with her back to the office.
Exclusive Entertainment
ViacomCBS Probed Sexual Misconduct Allegation Against CEO Bob Bakish
By Jessica Toonkel
ViacomCBS has been investigating an allegation of sexual misconduct by its CEO, Bob Bakish, according to several people familiar with the situation.
Venture Capital Asia
TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin
Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape.
The Takeaway Media/Telecom Google
Accepting Kickbacks, Publishers Are Playing Into Tech Companies’ Hands
By Jessica E. Lessin
For years, news publishers have been clamoring for Facebook, Google and Apple to pay for the news content that gets distributed through their services.
Exclusive Venture Capital Startups
Better.com Seeks to Ride Refinancing Wave to a $4 Billion Valuation
By Cory Weinberg
Low interest rates have prompted a record number of Americans to refinance their homes this spring. An online mortgage loan startup that has seen strong growth from the borrowing surge is now seeking new financing at a sharply higher valuation than at its last influx of cash a year ago.