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

Donald Trump
Donald Trump: has said he wants corporate taxes to be as low as 15%


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 Tru