Donald Trump’s tax reforms may be postponed

Baku. 8 November. REPORT.AZ/ Tax reforms legislation initiated by the US president Donald Trump might not be adopted by Senate in current form.

Report informs to the Washington Post, congressmen suggested to postpone the tax reforms until the early 2018.

Tax reforms envisages to decrease the corporate tax rates in US from 35% to 20%. Though Trump wants to carry out the tax reforms soon he has a lot of opponents.

Despite that it was initiated to extend tax reforms till 2019 introduction of several concessions in 2018 is also possible. It was reported the US government will take this step so that companies don’t postpone their investment programs and not to expect decrease of tax rates. The companies will be allowed to deduct capital expenses instantly from profit taxes.

Report informs, news about tax reforms postpone has weakened the US-dollar rate in global currency market last night. 1,1555 USD/EUR rate hiked to 1,16 USD/EUR level. But it’s predicted that dollar will continue to get stronger.