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Sunday, August 20, 2017

Trump has twice proposed to reduce the income tax

Treasury Secretary Steven Mnuchin reported that proposed by President Donald trump tax reform involves the reduction of income tax for companies from 35% to 15%.

And this will apply to both corporations and small and medium-sized businesses.

Mnuchin added that the U.S. is now “the most konovytsia and uncompetitive rate in the world.”

The Minister also said that it is proposed to introduce a flat and low tax on the repatriation of profits from abroad. This is the opinion of the administration should help to return to the country trillions of dollars.


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