At last President Trump’s managed to get something through Congress – though it must still get a final sign off in the House of Representatives. What some are hailing as the most important change to US tax laws in decades, corporates will pay just 21 per cent versus the old 35 per cent tax rate – bringing it into line with global norms. The wealthy will pay roughly 3 per cent less and the gap of about $1 trillion must be filled by the Treasury.
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