Trump will raise taxes for hedge funds and international corporations
I agree with Trump on these issues. Hedge funders should be the same tax rate on ordinary income as people with regular jobs. In fact, I think that hedge funders should be a higher tax rate than everyone else because they don’t create value, they just siphon off value from other people.
And regarding international taxation, it’s a very complicated area of the tax code and regulations. Many students at NYU’s LLM program were afraid to take the International Taxation classes because they were supposed to be so difficult. There are lots of opportunities in there for companies to claim that their income is produced overseas in a country subject to a much lower tax rate. Apple is an example of a corporation that has been especially good at doing this.
The Republican Party, however, is aghast because their mantra has been lower taxes lower taxes lower taxes, and any loophole is just a fast one that they pulled on the Democrats. The so-called “Club for Growth” is trying to rally opposition to Trump.