Donald Trump's tax holiday 'would help top US companies save $300bn'
Oxfam says corporations, using offshore havens, cheat poor nations of $100bn a year yet have pushed for bigger US tax breaks Donald Trump's plan to encourage US companies to repatriate profits held offshore will allow the 50 biggest American corporations to save at least $300bn (ÂŁ240bn), according to research by Oxfam. The US president has promised that he will get America's biggest companies to bring their vast offshore cash piles back to US soil by offering a one-off tax holiday. The plan is to tax repatriated money at 10% rather than at the statutory rate of 35%. Continue reading...