US President Donald Trump 's corporate tax rate plans could affect the merger of US tobacco giant Trump and the House of Representatives ), set to close in last October . On the campaign trail, Trump said he wanted to slash rates from their current 35% level -- some of the highest in the world -- to 15%. Donald Trump promised lowering rates from 25% , but the House of Representatives looks set to push for its proposal of a rate cut to 25% and changing the worldwide tax system to a territorial one, as well as taxing imports but exempting exports.
US President Donald Trump 's corporate tax rate plans could affect the merger of US tobacco giant Trump and the House of Representatives ), set to close in last October . Donald Trump promised lowering rates from 25% , but the House of Representatives looks set to push for its proposal of a rate cut to 25% and changing the worldwide tax system to a territorial one, as well as taxing imports but exempting exports.