US Politics in Trump era Public date: 14.11.2019 12:15:01

Publisher: Bloomberg

Author:

10 Oct 2019

Trump Weighs Weakening Obama Rules to Curb Corporate Inversions

Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes, according to several people familiar with discussions.
Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving...

Publisher: Fortune

Author:

9 May 2019

Trump Used the Same Tax Breaks as Amazon to Drastically Reduce His Own IRS Bill

President Donald Trump complains that large corporations, such as Amazon.com Inc., are shirking their tax responsibilities. Yet for at least a decade, Trump paid none or very little in federal income taxes by exploiting some of the same generous tax breaks that the online retail giant and others have used to reduce IRS bills.
President Donald Trump complains that large corporations, such as Amazon.com Inc., are shirking their tax...

Publisher: Bloomberg

Author:

29 Mar 2019

Trump’s Offshore Cash Promise Falters as $665 Billion Returns

Corporate America brought $664.9 billion of offshore profits back to the U.S. last year, falling short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. Companies kept much of their overseas profit offshore because a 35 percent tax kicked in only if they brought the cash back to the U.S. But the Republican tax law set a one-time 15.5 percent tax rate on cash and 8 percent on non-cash or illiquid assets, regardless of the country where the profits sat.
Corporate America brought $664.9 billion of offshore profits back to the U.S. last year, falling short of the $4...

Publisher: Bloomberg

Author:

14 Dec 2018

Rubio Tweets Tax Bill He Voted For Helps Companies Over Workers

Republican Senator Marco Rubio broke with his party by blasting last year’s tax overhaul for benefiting corporations rather than workers. “When corporation uses profits for stock buy back it’s deciding that returning capital to shareholders is better for business than investing in their products or workers,” Rubio said in a tweet Thursday. “Tax code encourages this. No surprise we have work life that is unstable & low paying.”
Republican Senator Marco Rubio broke with his party by blasting last year’s tax overhaul for benefiting corporations...

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