(Dec 25): Tax cuts amounting to US$1.5 trillion ($2 trillion) are close to being signed into law in the US, following Congress and Senate approvals on Dec 20. President Donald Trump says the bill, which reduces the corporate tax rate to 21% from 35% previously, would encourage US companies to stop locating their headquarters overseas for tax purposes.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe