Simple tax cuts best for dollar, says CBA
If Trump is able to slash corporate tax rate to 15% and achieve income tax cuts along with infrastructure spending, then the dollar and the economy will see a boost
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A standard cut in the corporate tax rate by the Trump administration would be more of a boost for the US economy and the dollar than the controversial border-adjusted tax (BAT) cut that has been floated as an option, says Richard Grace, chief currency strategist at the Commonwealth Bank of Australia, the winner of last week’s three-month currency forecast table.
“Over the next 12 months, we will have more clarity on the US fiscal policy outlook. We believe if the
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