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How Donald Trump is turning America into the world's largest tax haven

Business Standard LogoBusiness Standard11h ago

How Donald Trump is turning America into the world's largest tax haven - Business Standard

Quick Summary:

But Trump does love one tax: import tariffs.

What we are witnessing is an apparent attempt by Trump, Musk, and their billionaire cronies to forge a kind of capitalism modelled after the lawless zones of the offshore world.

The proposed extension of the 2017 Tax Cuts and Jobs Act – the biggest corporate tax cuts in US history – would add around $37 trillion to the US national debt over the next 30 years, without delivering the promised economic boost.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 23:56:23 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1228 words

Reading Time: 7 minutes read

Sentences: 65 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28156128

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 259 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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