The publication also addresses the recent
US tax code overhaul and what this all means for estates of wealthy families.
New York - JPMorgan announced that it will boost wages, open new branches and hire thousands of new workers, citing improved economic performance and sweeping changes to the
US tax code.
The announcement comes less than a month after the approval of the overhaul of the
US tax code championed by President Donald Trump that will increase corporate profits.
The
US tax code was already regressive long before Trump's presidency.
5 trillion tax cut that radically changes the
US tax code.
The Final Bill lowers most business and individual tax rates, modernizes US international tax rules, and generally represents the most sweeping reform of the
US tax code in more than 30 years.
This time, the rally has been fueled by optimism that US lawmakers are on the brink of passing a historic bill to overhaul the
US tax code.
Gold is at its lowest point since July as investors regain their risk appetite and pivot back into stocks, with US lawmakers making progress on efforts to overhaul the
US tax code.
The major revamp of the
US tax code will deeply reduce levies for corporations, with a top tax rate cut from 35% to 20%, sending CRH 79p higher at 2,784p and Ashtead up 42p to 1,803p.
Administration officials intend to agree additional details with members of the House and Senate in the coming weeks for what would be the first massive rewrite of the
US tax code since 1986.
The last overhaul of the
US tax code was in 1986 during the administration of former President Ronald Reagan, a Republican.
The FACT Coalition calls for a simple fix: Change the section of the
US tax code which allows US companies to postpone paying taxes on foreign profits, and charge companies the full 35 percent corporate rate on overseas earnings.
