What are the fundamental fairness of reductions of tax cuts

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Question: What are the fundamental fairness of reductions (Pros & Con) of Tax cuts & Job Act of 2018 with respect to US corporations as it is signed into law in December 2017. The act lowered the corporate income tax rate to 21% from 35%.For many years, US corporations held money abroad (Earned abroad), Because it would cost 35% in federals tax to repatriate those dollars back into US. Under tax cuts & job Act of 2018, corporations could repatriate Billions of dollars of fund - as the Act provided for a tax on repatriated dollars of approximately 15%

Reference no: EM133333988

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