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Trump Tax Plan Worries Europe

From spiegel.de

The world is witnessing a great economic experiment. The United States, the world's most important economy, is transforming itself from a high-tax country to a low-tax paradise. Currently, most companies have to hand over 40 percent of their profits to the taxman, more than any other developed economy. In Germany, it's 30 percent. However, these burdens are now about to be drastically reduced. U.S. President Donald Trump wants to reduce the federal corporate tax rate from 35 to 20 percent. The Senate and the House of Representatives are likely to quickly reach agreement on the bill's final form. The corporate tax ... (full story)

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  • Category: Fundamental Analysis