China Offers Incentives for US Companies Not to Leave After Sweeping Tax Reform Bill

ㅤ”Although China’s announcement on Thursday didn’t refer to the tax cuts, China’s vice finance minister vowed to ‘take proactive measures’ in response to the legislation.
ㅤThe Republican tax bill included a steep corporate income tax cut — from 35 to 21 percent — that the Trump administration pushed as a way to make the United States more competitive and draw companies away from nations with lower tax rates.”

Full story at The Independent Journal Review, image from ijr(.com) • tax cuts, tax rates, tax reform, taxes, china

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s