Corporate tax

Corporate tax

The US Presidential Seal on the podium before President Donald Trump speaking about the passage of tax reform legislation on the South Lawn of the White House in December. Photo: Reuters

Asia will be right in the thick of an oncoming tax war with the US

2018 begins with a rare moment of accomplishment for US President Donald Trump’s administration: The United States is verging on the nation’s biggest overhaul of its tax code for a generation, which will radically cut taxes on profits by US multinationals that repatriate their overseas earnings b