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https://elibrary.tucl.edu.np/handle/123456789/5387| Title: | Tax Reform in the United States: Implications for the People’s Republic of China |
| Authors: | ADB; Killfoil, Chinchie; Terada-Hagiwara, Akiko; Miyaki, Yuji |
| Issue Date: | Sep-2018 |
| Description: | This brief recommends that the People’s Republic of China continue to improve its business environment and broaden its tax base, in response to major tax reform in the United States. The Tax Cuts and Jobs Act of 2017 was the first major tax reform in the US since 1986, with potential spillover effects reaching far beyond the US borders. This tax reform package makes fundamental changes to four major components in the US tax laws: individual income tax, corporate income tax, pass-through entities tax, and estate and gift tax. The act aims to achieve four objectives: (i) simplify the tax code, (ii) give American workers a tax cut, (iii) create more jobs by leveling the playing field for American businesses, and (iv) bring back trillions of dollars that are currently kept offshore for reinvestment in the American economy. |
| URI: | https://www.adb.org/publications/tax-reform-united-states-implications-prc https://elibrary.tucl.edu.np/handle/123456789/5387 |
| ISBN: | 9789292613006 9789292613013 |
| ISSN: | 2071-7202 2218-2675 |
| Country: | Indonesia |
| Appears in Collections: | ADB Collections |
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