Dividends
Q&A with PwC Luxembourg: US tax reform
PwC Luxembourg tax leader Wim Piot outlines potential risks for Europe as result of President Donald Trump's fiscal reform
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.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Data security
—
13.11.2018
Luxembourg to prepare for DDoS attacks
Brexit
—
13.11.2018
UK says deal 'almost within touching distance'
Wine trade
—
13.11.2018
France top wine exporter, UK top importer
Brexit
—
12.11.2018
Barnier says treaty text almost ready
