The Trump presidency will represent not only radical changes in the business relations between the economic powerhouse that is the United States of America and its primarily economic partners around the world, but apparently will also come with a never-seen before change in Fiscal Policy, not only for American taxpayers but also for many other stakeholders around the world.
Named “A Better Way”1, the Republican Party driven document is set to deliver a pro-growth agenda and will be the pillar of the upcoming Tax Reform set to arrive to Congress in February. If approved, this Reform will set the new outlook and posture of the United States not only in domestic issues but also in the international scope. This Tax Reform can be seen as a step backwards to everything that has been discussed and approved in relation to the OECD BEPS program.
The main objectives of the reform are as follow:
In nature, these objectives are not only attractive but should be praised; however, the process to achieve such objectives may give rise to serious doubts.
This Tax Reform will have global scale repercussions as not only will it impact the United States, but also the rest of the World. Much expected reactions are awaited from the OECD and governments form around the Globe, since the likelihood of this Reform being ratified is strong taking into account that Republicans control the Congress of United States.
Miguel Rodríguez , Auren Mexico
1 Original Document: “A Better Way. Our Vision for a Confident America” www.better.gop