Trump´s tax cut plan poses a new threat to China
(WorldNews China)

A tax cut planned by US President Donald Trump will be a test for Beijing in managing its capital outflows and its troubled manufacturing sector. The Trump administration’s tax proposal, including cutting the corporate tax rate to 15 per cent and providing a one-time repatriation tax rate for trillions of dollars in international earnings stashed overseas, is aimed at luring US firms to remit overseas profits home and even to bring such operations back to the United States. Beijing......