Trump tweets new tax policy for American companies

Trump tweets new tax policy for American companies

Donald Trump has announced his domestic business tax policy in a series of six tweets this afternoon.

The US president-elect is planning to tax companies that leave the US and try to sell products back to the 50 states.

However companies will be able to move within the 50 states without tax or tariff being charged.

Mr Trump said the tax on products coming back into the country from American businesses will be 35%.

More in this Section

Hundreds of motorists blocked by Catalan separatistsHundreds of motorists blocked by Catalan separatists

Hillary Clinton voices concerns about impact of social media on young womenHillary Clinton voices concerns about impact of social media on young women

Japanese space probe starts year-long journey home from asteroidJapanese space probe starts year-long journey home from asteroid

Venice flooding hits second highest level everVenice flooding hits second highest level ever


Lifestyle

The Cosmetify Index reveals the cosmetics companies that are generating the most buzz online – and Dubai-based Huda Kattan has the top spot.Huda Beauty tops the 10 ‘most popular’ beauty brands this year

Read the script of Kya deLongchamps’ kitchen-sink drama to set the scene to make an informed choice when selecting this home essentialTake the plunge: Read this checklist before you splash out on your new kitchen sink

SOMETIMES, the journey is more important than the destination. And sometimes, we just want to sit at home eating a bag of jelly beans, while thinking about more jelly beans. Life is only as significant or special as we make it.GameTech: Death Stranding is a divisive, beautiful journey packaged in a cool world

Former Oasis drummer Tony McCarroll tells Richard Purden about the mad times when five Manc-Irish lads became one of the biggest rock bands in the worldNot looking back in anger: Former Oasis drummer looks back at the mad times of one of the biggest rock bands in the world

More From The Irish Examiner