Germany and Australia get the Trump Tax Plan

by Datechguy | December 23rd, 2017

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Germany and Australia get the Trump Tax Plan

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?

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?

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