Corporate Tax Reduction Impact by Trump Tax Law
Thursday, 29 February 2024, 10:32
Corporate Tax Reduction Impact by Trump Tax Law
The Trump tax law overhaul significantly reduced the federal corporate income tax rate from 35% to 21%.
Key Findings:
- Most profitable corporations paid considerably less tax
During the first five years of implementation.
This has sparked discussions around corporate tax avoidance and the implications on government revenues and economic fairness.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.