The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump’s tax blueprint, which reduces the business tax rate from 35% to 15%. Economists say the tax cuts will add trillions of dollars to the deficit over the next … Read more
President Donald Trump is to propose slashing the rate of corporation tax when he announces his tax plan later. White House officials say the centrepiece of Wednesday’s announcement will be a sharp reduction in the business tax rate, from 35% to 15%. Economists say the tax cuts will add trillions of dollars to the deficit … Read more
Senior Senate Democrats on Thursday said they were demanding the US government investigate connections between President Donald Trump’s real estate company and an Azerbaijani oligarch reported to have ties to Iran’s Revolutionary Guards. The lawmakers wrote to Treasury Secretary Steven Mnuchin, Attorney General Jeff Sessions and FBI Director James Comey to express concern that the … Read more
Viacom Inc’s Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, giving the U. S. studio needed cash and stability as it attempts to grow. As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all … Read more