As the vote occurred, activists in the press gallery shouted “Kill the bill, don’t kill us”.Idiots.
Anyway, so what has actually happened? Well, it's a big and complicated law but one of the main features is the reduction of Federal Corporation Tax—from around 35% to 21%. So, some companies have already started offering pay awards to their workers a a result.
Further, Apple is now repatriating a massive amount of their overseas cash, leading to the largest tax bill payment ever—a cool $38 billion. In reporting this, The Grauniad makes a very bold assertion... [Emphasis mine—DK]
The company, which has faced international criticism for its tax evasion policies, also said it would spend $30bn in the US over the next five years, creating 20,000 new jobs.Tax evasion? Apple is deliberately and illegally evading paying tax?
As Sir Humphrey might say, that's a very brave assertion.
Anyway, so far, I think that we can chalk up these tax reforms as a win for Trump.