Has Labour's tax agenda just been Trumped? - News Summed Up

Has Labour's tax agenda just been Trumped?


AP President Trump's tax reforms would introduce incentives designed to keep the most profitable and taxable parts of US business on home soil. The group will also consider a "graduated" company tax rate that would see big businesses pay tax at a higher rate than smaller firms. READ MORE* Tax working group revealed* Survey shows businesses want tax change* OECD tax boss forecasts company tax rates will fall as rorts are stamped outBut United States President Donald Trump's decision to slash company tax in the US from 35 per cent to 21 per cent could be a spanner in the works, putting New Zealand under pressure to lower its company tax overall. LISA MAREE WILLIAMS/GETTY IMAGES OECD tax policy director Pascal Saint-Amans says President Trump's tax package tackles tax avoidance, but acknowledges some of its provisions may breach tax treaties. TRUMP'S REFORMS 'MISUNDERSTOOD'Pascal Saint-Amans, the tax policy director of the Organisation for Economic Cooperation and Development, says parts of Trump's tax reforms probably breach international tax treaties.


Source: Stuff February 24, 2018 15:56 UTC



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