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
Family of three die after falling into volcano crater near Naples
It is a dormant volcano, but still emits jets of steam with sulfurous fumes and is part of the Campi Flegrei volcanic area. It is not known if the three family members died instantly as a result of the extreme temperatures inside the volcano.

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
Indian Athlete Priyanka Panwar Banned for 8 Years by NADA
Finally, the National Dope Testing Laboratory director Said, "She has taken mephentermine directly not through the mucaine gel". Priyanka, along with five other athletes, had first tested positive for anabolic steroids in dope tests conducted in 2011.

12 September 2017
Redrow share sale unsettles FTSE 100
Despite this selloff he remains the fourth-largest shareholder in the housebuilder. Last week he announced plans to step back into a non-executive role.

12 September 2017
Palm oil stocks rise 8.79pc to 1.94m tonnes in August
A Kuala Lumpur-based futures trader said the market was buoyed by positive industry data released on Monday. Crude palm oil prices averaged 2,945 ringgit ($700) a ton in the first six months of the year.

12 September 2017
Kodak Printomatic Instant Print Camera
Events become more fun, weekend get-togethers are enriched, and moments that once were forgotten on a smartphone are cherished forever.

12 September 2017
Tropical storms Jose, Katia upgraded to hurricane status: NHC
It's also the storm with the longest duration of 180 miles per hour winds or greater in the Atlantic. This system formed in the western Gulf of Mexico from a lingering disturbance earlier this week.

12 September 2017
Thousands without power as Irma shifts west
We could also see sustained winds between 25-35mph with gusts around 50mph. "It's been strong enough to knock us over". Nathan Deal today, September 10, expanded the emergency declaration that now includes all 159 counties in Georgia.

12 September 2017
'Monster fatberg' clogs up Whitechapel sewer
The crew are removing around 20 to 30 tonnes every shift, with work starting at 8am and continuing until 5pm seven days a week. "This fatberg is up there with the biggest we've ever seen", said Matt Rimmer, Thames Water's head of waste networks.

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