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.
5. Business tax cuts
The White House said it plans to slash the federal income-tax rate to 15% for corporations, small businesses and partnerships of all sizes.
It also imposes a one-time tax on about $2.6trn in earnings that US companies have parked overseas.
Tags: Donald Trump | US
