The corporate tax was created on the principle that people and companies should be taxed based on what they receive in benefits – and US corporations have received an awful lot.
Finance Minister and Labour finance spokesperson Grant Robertson: higher tax revenue will be spent on economic recovery.
GettyImages
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
Trump’s tax plan may make it harder to win the ‘Fair Tax Game.’
Reuters/Joshua Roberts
The administration’s plan to significantly cut the tax rate on so-called pass-through entities will likely lead to creative tax planning and outright evasion, damaging faith in the system.