Five things you need to know about Trump’s tax plan
By International Adviser, 28 Apr 17
This week, US president Donald Trump unveiled what he called “the biggest tax cuts in history”. Here’s a look at some of the initial proposals to slash inheritance tax, top income brackets and tax for large corporations.
2. Estate tax
Dubbed as the ‘death tax’, Trump revealed that he wants to repeal the estate tax entirely. Under current law for 2017, the estate and gift-tax exemption is $5.49m (£4.2bn, €5.03bn) per individual.
Tags: Donald Trump | US
