Posted on 04/21/2017 5:13:56 PM PDT by Olog-hai
Hoping to spur economic growth, President Donald Trump embarked Friday on new steps to dismantle some of the tax and financial regulations established by former President Barack Obama.
Trump signed an executive order to review any major tax regulations set last year by his predecessor, as well as two memos to potentially revamp or eliminate fundamental elements of the 2010 Dodd-Frank financial reforms passed in the wake of the Great Recession. […]
The review of tax regulations could give greater leeway to companies looking to shelter income overseas, or simply seeking to reduce the time and money spent on completing personal and business tax filings. […]
The review could also touch on overlapping rules designed to stop foreign-based companies from shifting their U.S. profits abroad, another Obama initiative from 2016. …
(Excerpt) Read more at hosted.ap.org ...
Companies liked “inversion” as it gave them a way to protect income from some taxes. Trump plans to reduce both business and personal taxes. Perhaps when this is done inversion won’t be necessary.
Our airports need both GPS and RADAR options.
The capital is in the US! The entire “money overseas problem” is a complete fabrication. The bulk of tech companies “foreign” holdings are actually invested in the US and dollar-denominated securities. This is an older article, but it explains the situation pretty well:
Now, getting that money back to main street is another issue altogether.
Interesting.
President Trump is doing what he can despite the RINOs in Congress.
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