Proposed International Tax Reform Bill
As we near closer to the end of the US primary elections, there is increased debate around the most optimal way to structure the US economy moving forward. With this in mind, much conversation is centered around rates of taxation. Charles Boustany, a Republican representative is reported to be planning a bill with a lower rate of corporate tax. Whilst there is universal consensus that this will help small businesses, both Democrats and Republicans may see difficulties in passing a bill with such complexities.
The article states:
“Republicans repeatedly noted that an international deal would help smaller companies, and not just be the giveaway to offshore tax dodgers that some Democrats claimed. Such an agreement, Rep. Erik Paulsen (R-Minn.) noted, would help companies “that either supply those large companies or provide goods and services to their employees.”
To read more on this article, follow this link: