Predict your next investment

Corporation
welovesalt.com

See what CB Insights has to offer

Investments

1

Partners & Customers

1

About Salt

Salt specializes in building teams to support an organization's digital reconstruction.

Salt Headquarter Location

9 Wootton Street

London, England, SE1 8TG,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Salt News

SALT Break Would Erase Most of House’s Tax Hikes for Top 1%

Sep 17, 2021

Sep 17 2021, 8:34 PM September 17 2021, 7:56 PM September 17 2021, 8:34 PM (Bloomberg) -- High-earning taxpayers would face much smaller tax hikes -- or even cuts -- if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House. (Bloomberg) -- High-earning taxpayers would face much smaller tax hikes -- or even cuts -- if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House. If the SALT deduction were fully reinstated, the top 1% of taxpayers -- those earning at least $401,601 -- would face a tax increase less than half as large as that if the current cap on the write-off were retained, according to data from the right-leaning Tax Foundation. Those individuals would see their after-tax incomes fall 1.9% under the House Democrats’ current tax bill accompanied by a SALT-deduction restoration, compared with a decrease of 5% if the $10,000 limitation on the write-off were not expanded. Other taxpayers in the top 5% of earners would see the small tax hikes in the current House plan turn into tax cuts with the addition of a more generous SALT deduction. Taxpayers earning $165,181 to $401,600 would see their incomes rise 0.9% with an unlimited SALT deduction, compared with a 0.3% after-tax decrease without SALT relief, according to the data. The figures shed light on a key debate among House Democrats over how to address the politically important tax break that benefits residents of Democratic strongholds, including New York, New Jersey and California. The tax portion of the economic legislation that passed the House Ways and Means Committee earlier this week omitted any plans to address SALT, instead leaving the issue to be negotiated by Democratic leaders. The current plan -- part of a broader, $3.5 trillion tax and social spending bill -- calls for a range of tax hikes, including raising the top income rate to 39.6% from 37%, a tax surcharge on some millionaires and a higher capital gains rate for the wealthy on investment proceeds. It also features a host of corporate-tax changes. Expanding the SALT deduction, which was restricted in President Donald Trump’s 2017 tax law, has proved to be one of the most controversial issues for House Democrats. Restoring the tax break will largely benefit high-earning households, while progressive lawmakers are pushing to steer the package toward greater spending for low-income households. Several House Democrats, including New York Representative Tom Suozzi, have said they won’t support the tax and spending bill unless it expands the SALT break. Those lawmakers say that their constituents were unfairly targeted by Republicans in the 2017 tax law and that the restrictions on the deductions are harming middle-class taxpayers and causing residents to flee their states. ‘Meaningful Relief’ “We continue to work among our colleagues and the Senate to undo the short-sighted capping of SALT by Republicans,” Suozzi, House Ways and Means Chairman Richard Neal and Representative Bill Pascrell said in a joint statement this week, saying that House Speaker Nancy Pelosi was involved in the effort. “We are committed to enacting a law that will include meaningful SALT relief that is so essential to our middle-class communities, and we are working daily toward that goal.”  Critics include both progressives like Representative Alexandria Ocasio-Cortez and Republican lawmakers. About 57% of the benefit of a SALT cap repeal would go to the top 1% of earners, worth an average of $33,100, according to data compiled by the Brookings Institution. Restoring the full SALT deduction would cost the U.S. Treasury $88.7 billion in revenue for 2021 alone, according to the Joint Committee on Taxation, Congress’s nonpartisan scorekeeper. House lawmakers are discussing a two-year suspension of the SALT cap to be included in the bill. Democrats have also talked about increasing the $10,000 cap, rather than eliminating it entirely. The Joint Committee on Taxation said that under the current House proposal, which doesn’t include a change for SALT, that those earning $1 million or more would pay an average tax rate of 37.3%, compared with 30.2% under current law. Those earning $50,000 to $75,000 would pay a 12.2% rate, compared with the 13% they pay now. ©2021 Bloomberg L.P.

Salt Investments

1 Investments

Salt has made 1 investments. Their latest investment was in Recruit Digital as part of their Corporate Minority on February 2, 2020.

CBI Logo

Salt Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/4/2020

Corporate Minority

Recruit Digital

Yes

1

Date

2/4/2020

Round

Corporate Minority

Company

Recruit Digital

Amount

New?

Yes

Co-Investors

Sources

1

Salt Acquisitions

1 Acquisition

Salt acquired 1 company. Their latest acquisition was Xpand on September 24, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/24/2019

Acquired

1

Date

9/24/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

Salt Partners & Customers

1 Partners and customers

Salt has 1 strategic partners and customers. Salt recently partnered with Uphold on December 12, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

12/13/2019

Partner

Uphold

United States

Uphold Ties with Salt to Bring Crypto Lending Services to Its Users

Uphold , a blockchain-based financing company , has partnered with crypto-backed lending company Salt to offer loans in cash and crypto using digital currencies as collateral .

2

Date

12/13/2019

Type

Partner

Business Partner

Uphold

Country

United States

News Snippet

Uphold Ties with Salt to Bring Crypto Lending Services to Its Users

Uphold , a blockchain-based financing company , has partnered with crypto-backed lending company Salt to offer loans in cash and crypto using digital currencies as collateral .

Sources

2

Salt Team

10 Team Members

Salt has 10 team members, including current Chief Executive Officer, Elliot Dell.

Name

Work History

Title

Status

Jacqui Barratt

Founder

Current

Andrey Frolov

Bank24.ru, and Inbank

Founder

Current

Chahat Kathotia

Founder

Current

East Dongkeun Kim

Founder

Current

Elliot Dell

Chief Executive Officer

Current

Name

Jacqui Barratt

Andrey Frolov

Chahat Kathotia

East Dongkeun Kim

Elliot Dell

Work History

Bank24.ru, and Inbank

Title

Founder

Founder

Founder

Founder

Chief Executive Officer

Status

Current

Current

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.