Property News · January 12, 2018

Asia will be right in the thick of an oncoming tax war with the US


2018 begins with a rare moment of accomplishment for US President Donald Trump’s administration: The United States is verging on the nation’s biggest overhaul of its tax code for a generation, which will radically cut taxes on profits by US multinationals that repatriate their overseas earnings back to the US.
Since many of these profits are currently re-invested in Asia or Europe, the consequences are worrying for finance ministers across both continents.
At the same time, Asian…

Source : South China Morning Post
Read more…Asia will be right in the thick of an oncoming tax war with the US

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