Democrats nationally might still be in denial over the Trump Tax plan but I can name two countries that aren’t. One is Australia: .
Australia must follow the United States in slashing corporate tax rates or risk losing jobs and investment to other parts of the world, the country’s top economic ministers have warned.
The federal government is restating its pitch to reduce the company tax rate for all businesses from 30 per cent to 25 per cent after similar moves in the US.
and the other Germany:
“The sharp reduction in the corporate tax rate will give the US a massive competitive advantage,” said Christoph Spengel, the corporate tax expert at the Center for European Economic Research in Mannheim. “Tax competition will get a new dimension with Europeans forced to compete among themselves.”
Wouldn’t it be something if the Trump Tax Law drops taxes worldwide and creates a global boom instead of just a US one?