To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax […]
After a one-time tax holiday in 2004 companies used repatriated funds to buy back their own stock or pay dividends to their shareholders.
President Trump is set to unveil a tax reform agenda today. One of the centerpieces is expected to be his campaign promise to cut the corporate tax rate from 35 percent to 15 percent. But tax cuts and tax reform are two different things. The last real crack the U.S. took at tax reform was […]
President Trump is expected to unveil his tax plan tomorrow. It would reportedly lower the corporate tax rate to 15 percent. Budget analysts predict that would cost the federal government more than $2 trillion in revenue over a decade. But the administration says the tax cuts will boost the economy so much that they’ll pay […]
President Donald Trump reminded Fox News’ Tucker Carlson last night that he aims to bring taxes “way down” on businesses, from 35 percent to 15 percent. But a lot of companies don’t pay 35 percent, because they take deductions and exclusions to shave their tax bill. A drop in the overall tax rate could make […]
Kai Ryssdal spoke with Harvard professor Lawrence Summers about his latest column for the Washington Post.
The corporate tax rate is 35 percent - but some doubt Apple will pay that.
Apple got a massive bill for back taxes on Tuesday. The European Commission ordered the tech giant to pay back over $14 billion to Ireland, where Apple has its European headquarters. Apple, and the U.S. government, reacted angrily to the demand. The U.S. Department of Treasury has already accused EU officials of unfairly targeting large […]