The U.S. government must announce on Feb. 22 at night the details of his reform of corporation tax, promised by Barack Obama in 2010. This reform should reduce from 35% to 28% tax rate on corporations, while increasing revenue through the elimination of dozens of tax loopholes.
Altogether, the reform should report to the State $ 250 billion over 10 years, according to the Wall Street Journal. The project of the White House would force U.S. companies operating abroad to pay tax on their profits for the first time, while encouraging companies based in the United States. The effective tax rate for oil and gas companies, which benefit from deductions and subsidies, would increase. But the industrial tax rate would not go to "more than 25%" against a current average of about 32%.
To become law, the project must still be approved by Congress when the lower house held by the opposition. The vote is far from certain. Favored a revision of corporate tax, the Republicans could oppose the parallel elimination of tax loopholes, on the grounds that this would raise taxes in the United States, the risk of penalizing the economic recovery.
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