Trump wants to slash regulations tax by 75% or 'maybe more'
The Dollar Business Bureau US President Donald Trump told business leaders on Monday he would impose a heavy tariff on companies that move operations outside the US and slash regulation tax by as much as 75%. Praising the executives as “great people”, Trump said, "What we're doing is we are going to be cutting taxes massively for both the middle class and for companies, and that's massively. We think we can cut regulations by 75%, maybe more, but by 75%. "A bigger thing, and that surprised me, is the fact that we're going to be cutting regulation massively," he added. The President met CEOs at the White House, where he continued his promises of providing better economic opportunities for them as well as the ...
Trump threatens Toyota with 'big border tax'
The Dollar Business Bureau Trump's tweet has yet again sent shock waves through the auto industry with its threat to penalise Toyota with 'big border tax' if it opens a new manufacturing facility in Mexico. "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build in U.S. or pay big border tax," Trump tweeted on 5 Jan 2017. Trying to deliver on his promise to bring back manufacturing jobs to America, Trump has often used his twitter account to target multiple automobile and prevent them from moving production facilities out of the US. His attempts at meddling with the economy (even before assuming the title of POTUS) have also been rewarded earlier in Ford's ...
Sectoral approach key to ensure Make in US vs Make in India a winning model: Anand Mahindra
The Dollar Business Bureau Conflict of interest between US President Barack Obama’s pitch for Make in America and Prime Minister Narendra Modi’s Make in India may arise but a ‘win-win’ situation can be fashioned if manufacturers on both sides embed themselves in each other’s supply chains, according to Mahindra Group Chairman Anand Mahindra. Outlining the solution, he said one of the ways would be to take a sectoral approach. “In certain sectors it may make sense to adopt the Make in India approach and in others it may make more sense for Make in America,” he said. Mahindra said President Obama had tried to create the “win-win situation” during his trip with his announcements of a $1-billion dollar ...
