(Kate Patrick – Supply Chain Dive)
Companies should brace for change.
The 30-plus-year drought since the last tax code overhaul may be finally over as Congress sets out to vote on and place a now-finalized tax bill on President Donald Trump’s desk.
The bill slashes the corporate tax rate from 35% to 21%, and also includes massive changes to how income earned or kept offshore is treated.
In other words, this week could be monumental for business accounts nationwide. Every industry could see effects — including supply chains. Here’s a 60-second overview of what the bill could change, and where industry associations stand on it. Click here to read more.
- American Business Has Concerns on Tax Reform (The Economist)
- The GOP Tax Bill Was Manifestly Corrupt Long Before the ‘Corker Kickback (New York Magazine)
- World Leaders Think Trump’s Tax Overhaul is Dangerous, and They’re Getting Ready to Fight Back (Business Insider)