Corporate Tax Reform
The Republican tax reform bill slashes the corporate tax rate, which, according to its proponents, would dramatically stimulate the US economy and create new jobs. Large multi-nation corporations stand to benefit the most from the legislation but what impact might the bill have on small businesses?
Guest: Paul Gutterman, director of the Master of Business Taxation program at the University of Minnesota’s Carlson School of Management
- Part 1 – 13:49
At 35 percent, the current corporate tax rate is the highest in the developed world. The GOP tax bill proposed to reduce this rate to 20 percent.
- Part 2 – 12:44
How will this bill benefit small businesses and the state’s Fortune 500 companies? How will a high-tax state like Minnesota fair with the reduction of state tax deductions? Gutterman discuses the nuances of the tax bill making its way to President Trump.