Economy

US Treasury chief sees 'competitive' corporate tax rate

US Treasury chief sees 'competitive' corporate tax rate”

Treasury Secretary Steven Mnuchin amped up expectations of tax reform before the year is out on Tuesday morning, even bringing up the possibility of backdating changes to January 1.

When asked at the Delivering Alpha conference, Mr. Mnuchin said backdating is "something we are considering" and that "it would be a big boon for the economy".

Treasury Secretary Steven Mnuchin said the Trump administration is considering plans to backdate changes to the US tax regime to the start of the year.

"I don't know if we'll be able to achieve that, given the budget issue", Mr. Mnuchin said.

The Trump administration has repeatedly said that its plans to reform the tax code would not cut income taxes for top earners. Congress and the White House have not yet released a tax overhaul plan but are working this month to prepare legislation.

"The president has made it very clear that for hedge funds, they will not have the benefit of carried interest", Mnuchin told a roomful of hedge fund executives meeting at a hotel in Manhattan.



Like this

Latest


12 September 2017
UNO-Sicherheitsrat beschränkt Öllieferungen an Nordkorea
September seinen bisher stärksten Atomversuch durchgeführt und dabei nach eigenen Angaben eine Wasserstoffbombe gezündet. Diese in einem vorigen Entwurf enthaltenen Passagen wurden aus der am Montag verabschiedeten Resolution aber gestrichen.

12 September 2017
Daddy Yankee mostró cómo quedó su casa tras el paso de Irma
Algunos árboles caídos y cables rotos acompañan el paneo de Daddy Yankee . "Solo tuvimos daños mínimos en la finca". La publicación tiene más de 500 mil reproducciones y se llenó de comentarios de aliento para todos los afectados .

12 September 2017
Salesforce.com Inc (CRM) Insider Sells 191 Shares of Stock
The Wellington Shields Capital Management Llc holds 15,300 shares with $1.05 million value, down from 20,250 last quarter. Wellington Shields Capital Management Llc decreased Salesforce.Com (CRM) stake by 24.44% reported in 2016Q4 SEC filing.

12 September 2017
Scent Machines Market Research Report 2017 Analysis, Application and Forecast to 2022
The Intelligence Devices market research report shed light on Foremost Regions: California, Texas, New York, Florida, Illinois . Extensive primary and secondary research capabilities have been used to prepare the report Global NFC Systems Industry .

12 September 2017
Rowe Price Group, Inc. (TROW), US Bancorp (USB)
The same analysts are predicting that the company shares will trade to $84.73 within the next 12-18 months. Following the transaction, the director now owns 28,982 shares in the company, valued at $2,377,393.46.

12 September 2017
S. Korean Activists Clash With Police Over Additional THAAD Deployment
Vassily Nebenzia said Russian Federation wants a reference to the need for political dialogue based on recent initiatives. Meanwhile, South Korea warned its citizens in China to avoid "friction" and "needless arguments" with Chinese people.

12 September 2017
Indian users trust Samsung even after Galaxy Note 7 debacle
The device also offers heart rate monitor sensor, finger print sensor, 3D facial recognition sensor and the list goes on. But the latest model in the series, the Note 8, appears to have shaken off the concerns that dogged its predecessor.

12 September 2017
'The Disaster Artist' Trailer: James Franco Unlocks 'The Room'
The ensemble also features Alison Brie , Zac Efron , Josh Hutcherson , Jacki Weaver, Ari Graynor , and Jason Mantzoukas. That's not to say it isn't amusing - plenty of The Disaster Artist will have you keeling over in laughter.

12 September 2017
Hurricane Irma: Gov. Scott Says Keys Face 'Long Road' To Recovery
Several people posted photos of the mammals on Facebook amid reports rescuers were able to later drag them to deeper water. The Keys are linked by 42 bridges that have to be checked for safety before motorists can be allowed in, officials said.

12 September 2017
Which Analysts Are Watching Vodafone Group Plc (NASDAQ:VOD)?
Pershing Square Capital Management L.P. holds 9.41% of its portfolio in Air Products & Chemicals, Inc. for 3.87 million shares. In analysts note published on 12 September, Smith DS PLC (LON:SMDS) stock "Neutral" was restate by Analysts at Goldman Sachs.



Recommended