#特朗普税改 The Trump Tax Reform is a bill passed by the U.S. Senate in 2017 aimed at simplifying tax laws, encouraging businesses to increase investment, and stimulating consumer spending, making the U.S. corporate tax rate more competitive compared to other countries. Here are its main points:

- Personal Income Tax: The House version simplifies the federal personal income tax rate from 7 brackets to 4 brackets, keeping the highest federal personal income tax rate unchanged at 39.6%; the Senate version maintains 7 brackets but lowers the highest federal personal income tax rate to 38.5%.

- Corporate Income Tax: The corporate income tax is significantly reduced from 35% to 20%. For multinational companies currently hoarding $2.6 trillion in profits overseas to avoid taxes, a one-time payment of 14% is all that is required to legally repatriate these profits to the U.S.

- Taxation System: The current global taxation system is changed to a territorial taxation system, exempting taxes on dividends from overseas subsidiaries. Additionally, a new 20% 'excise tax' is introduced for multinational companies to limit their ability to evade taxes through internal transactions with branches outside the United States.