The income tax cut made it through the legislature, but the 10% corporate surcharge has been extended for three additional years, through fiscal 2025. That will raise $150 million in tax revenues ...

The Senate and House are fighting over Trump’s ‘One Big Beautiful Bill’ and deficit costs, but chief financial officers tell ...

If keeping up with tax changes in the law were a sport, 2017 and 2025 might be considered the Tax Olympics. Recall that ...

At that time, the U.S. had the highest corporate tax rate in the world, a combined federal-state average rate of 38.9%, nearly 75% higher than the average world-wide corporate rate of 22.5%.

The Trump tax cuts that took effect in 2018 featured the first corporate tax rate decrease in decades. During the first year of the cuts, the S&P 500 ( ^GSPC -1.13% ) fell roughly 6%.

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.

In 2017 he slashed the corporate tax rate from 35% to 21%. Now he wants to take it even lower, perhaps to 15%. Another promise is to exempt employees such as waiters from taxes on tips.

However, Amazon's average corporate tax rate over the decade was 19.6 percent, higher than Netflix (14.7 percent), Meta (15.4 percent), and Apple (18.4 percent). Microsoft paid the highest rate at ...