Corporate tax reform is a critical element, given that the system is highly flawed relative to competitors. Within the US, it helps that the House of Representatives has been preparing for corporate tax reform for years. Among its domestic challenges will be maintaining the support of congressional Republicans who favour a revenue-neutral tax reform, especially given the accompanying aim to raise infrastructure spending. The shape of the corporate tax package could have four major components:l A lower corporate tax rate. If implemented, the spillovers of such US fiscal reform on global trade and investment flows would be considerable.

Source: Mint February 19, 2017 18:08 UTC