U.S. President Donald Trump has instructed the Secretary of the Treasury to investigate whether any foreign company, or individual, should face higher taxes because American corporations or citizens are being unfairly taxed overseas. Under Section 891 of the U.S. tax code, the president has the power to double the rate of tax on foreign nationals and corporations if they judge that the countries they hail from are unfairly taxing American interests overseas. Trump also withdrew support for last year’s OECD global tax pact, which allows other countries to levy top-up taxes on U.S. multinationals. Grant Wardell-Johnson, global head of tax policy at KPMG, said: “Ultimately we are seeing international taxation moving from a multilateral domain to a bilateral one based on strong unilateral assertions. It is a new taxation world.”
Trump threatens to double tax rates for foreign companies
9 responses to “Trump threatens to double tax rates for foreign companies”
-
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
-
77jili https://www.77jilig.net
-
Playing io, my dudes! Heard good things and gave it a shot. So far, so good. Give it a whirl! Check it out: playing io
-
Lodibetlogin is my go-to when I’m trying to place a quick bet. The login process is smooth as butter, none of that annoying lag I’ve seen on other sites. Super easy to get in and get betting! Give it a shot: lodibetlogin
-
Just hopped on 10brl. Seems legit! Navigation is pretty straightforward. Give it a look-see and let me know what you think. 10brl
-
Your article helped me a lot, is there any more related content? Thanks!
-
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
-
Galaxy6623bet, huh? Sounds promising. The layout’s clean and easy to understand. Maybe something worth checking. Look into galaxy6623bet!
-
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Leave a Reply