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Tax reform implications for manufacturers - Industrial insights - PwC
Both bills propose a permanent cut to the corporate tax rate from 35% to 20%. The Ways and Means bill wants that cut right away – as does the White House. But the Senate wants to delay it by a year. This would lower the cost of their bill by more than $100 billion and give them more revenue to use for other changes. Despite the debate over timing, both agree the cut should be permanent. That, combined with the transition to a territorial system of taxation with a 100% deduction for foreign dividend income, is very welcome.
taxes-incentives  corporate-tax-reform  corporate-tax  government-policy  Around-the-web  this-week-404 
november 2017 by areadevelopment
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