Matthew Morris, of Bowditch & Dewey, recently shared a post on CFO.com discussing “Trump’s Corporate Tax Reforms: What CFOs Need to Know“. 

Morris provides a brief summary of Trump’s top five proposed corporate income tax policies as listed on the Trump/Pence Tax Plan website and a description of how each could affect both large and small businesses.

1.Lower the corporate income tax rate from 35% to 15%. 

2.Allow repatriation of corporate profits held offshore at a one-time tax rate of 10%.

3.Eliminate most business tax credits and “special interest” tax outlays, except for the R&D credit.

4.Entitle manufacturers to expense capital investment and lose the deductibility of corporate interest expense.

5.Provide tax benefits for corporations offering on-site childcare and pay part of employees’ child-care costs.

For a detailed overview of these five key policies and how the might affect your business, check our Morris’ full post on CFO.com HERE.