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Trump will not engineer any international agreement on corporate tax, or increase taxes on capital in general. I am expecting a deal later this year or early n
by dharma1 10y ago
Trump will not engineer any international agreement on corporate tax, or increase taxes on capital in general.
I am expecting a deal later this year or early next year for US corporations to be able to repatriate their overseas cash piles in exchange for significantly reduced taxes on that cash. I'm guessing a majority chunk will end up in share repurchasing and M&A activity rather than job creation.
https://www.forbes.com/sites/joeharpaz/2017/02/06/inside-trumps-two-trillion-dollar-bets-on-infrastructure-repatriation/ https://www.forbes.com/sites/joeharpaz/2017/02/06/inside-tru...