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magazine15% ‘Trump tax’
It’s been labelled the ‘biggest tax cut in history’ by some commentators as president Donald Trump revealed plans to slash the rate levied on US corporations to 15%.
The current tax rate is 35%, one of the highest in the developed world, ahead even of the traditionally socialist-leaning French (33.3%). It puts the UK’s 20% corporate tax rate into perspective. (SF)
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