U.S. Treasury's Mnuchin: Small and medium sized business also will be eligible for the 15% tax rate

Felipe Erazo FXStreet

U.S. Treasury Secretary Steven Mnuchin is now crossing the wires from a joint press conference with National Economic Director Gary Cohn, stating that U.S. will move to a territorial tax system with a top 15 percent rate for businesses.

More headlines (via Reuters):

Small and medium sized business also will be eligible for the 15 percent tax rate
Trump's objective is creating economic growth
Administration believes a 3 percent growth rate is sustainable
Administration working with congress to create low tax rate for companies that repatriate overseas earnings

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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