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.
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