U.S TAX REFORM: OPPORTUNITIES FOR THE INTERNATIONALIZATION OF ENTERPRISES

The Trump Reform has foreseen a series of tax breaks for companies and individuals, which make investments in American territory even more convenient, and in particular the opening and management of US companies that trade abroad.

Specifically, the reform provides for a reduction in corporate income tax, which goes from 35% to 21% and a reduction in the marginal tax rates applied by brackets to natural persons.

In addition, many benefits are envisaged in terms of deductible costs which are the main incentive for the reform in terms of tax revenue.

In fact, under certain conditions, it is possible for companies to spend entirely certain investments (depreciation on capital goods or buildings purchased by a company), obtaining full cost deductibility from the first year. In this way the advantage for the company is twofold, as it will benefit from an increase in cash flow and at the same time a reduction in the tax burden.

Furthermore, the losses generated during the year can be carried forward to the following financial years in reduction of future profits, with a consequent reduction in taxation.

Finally, it should be noted that in addition to the concessions for companies exposed above, the reform has planned a real tax shield for US multinationals that will be able to bring back undeclared assets into national borders by paying an 8% (or 15.5% if it is liquid / cash) on the repatriated value.

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