White House Announces Tax Plan

April 2017

The Trump administration announced its tax plan on 26 April 2017, labelling it the largest corporate tax cut in history. It includes a significant reduction in the corporate tax rate, changes to the standard deduction for individuals, a one-time repatriation of foreign earnings and broad outlines for other changes to the Internal Revenue Code. The announcement can best be described as the core principles the White House is advocating for tax reform; most specifics have not yet been released.

A breifing has been prepared by Baker Tilly the US, click to read the full article.