The White House recently announced its initial tax plan, teasing the financial community with a short series of bullet points. Although there is much work to do to formalize the plan, including passing it through a gauntlet of approvals and negotiations in Congress, President Donald Trump’s plan is effectively music to the ears of CEOs, CFOs and corporate treasurers.
Here are the highlights for corporate treasury:
1) Reduction of the corporate tax rate to 15%
2) One-time tax on overseas earnings