PwC Luxembourg tax leader Wim Piot outlines potential risks for Europe as result of President Donald Trump's fiscal reform
pierre sorlut, translated by hannah brenton
22.12.2017
The US corporate tax rate will go from 35% to 21%. This is not spectacular in the context of general decline. What strikes me is that until December 31, the rate will be 35%. It will only be 21% the next day. There will be no transition. This generates a lot of uncertainties. This is unheard of.
The Americans will make dividends coming from abroad tax-exempt. It's an American 'mother-daughter' directive. Since President John F. Kennedy, a US company has been taxed at 35% for any repatriation of dividends.