This Emerging Issues Video is the first in a series about
possible changes under the Trump Administration and Congressional
Republican leadership. The video includes excerpts of remarks made
in March 2017 by
Joe Goldman, co-leader of the Firm's
Global Tax Practice, regarding how the U.S. economy has evolved
from a manufacturing-based economy to an IP-based economy, while
the corporate tax rules based on source and residence have failed
to keep up. Mr. Goldman discusses President Trump's 2016
campaign proposals for reducing rates, creating business
incentives, broadening the tax base, and charging a one-time
repatriation tax on foreign earnings. He discusses the cost of
these proposals and the revenue and reconciliation bill that will
be required. Finally, he compares some of the business tax
provisions of the House Blueprint (A Better Way) to President
Trump's 2016 campaign proposals.
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