US corporate tax goal in doubt as Trump intensifies reform drive
Deal with Democrats to keep government running for three more months may complicate tax effort
Washington
US Treasury Secretary Steven Mnuchin on Tuesday cast doubt on President Donald Trump's goal of cutting the corporate tax rate to 15 per cent, even as the president moved to inject new urgency into a sluggish effort in Congress to lower taxes.
"Ideally, he'd like to get it down to 15 per cent. I don't know if we'll be able to achieve that given the budget issues, but we're going to get this down to a very competitive level," Mr Mnuchin told a conference in New York hosted by CNBC.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ukraine eases some wartime capital controls for businesses
Labour mayor wins cap triumphant election run for Starmer
100 years on, SICCI to focus on internationalisation, digitalisation and sustainability
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers