The Tax Cut Bill – strongly desidered by president Donald Trump – represents the largest tax reduction of the last thirty years in America. The reform has in fact revolutionized the tax system, providing strong tax break for companies and families.

The key point of the tax reform is the reduction of the tax rate – from 35% to 21% - on the taxation of companies’ profits. The approved text, also prescribes taxes una tantum on the repatriation of profits accumulated abroad by american companies, equal to 8% for non-liquid assets and 15,5% for liquid assets or cash compared to the average of 35% imposed at federal level. It is estimated that the total amount of capitals held offshore by the american big companies – from Apple to Microsoft – is around three thousand billion dollars; one understands  therefore how the reduction of twenty or more percentage points of taxation allows a tax saving of tens of billion of dollars. The amnesty – offer to multinationals fiscally resident in USA – on both the assets deposited and capitals held abroad, in violation of the tax declaration obligations, also allows the US government to recover the tax debts on offshore capitals.

With the unemployment rate at its lowest since 2001, the tax reform promises to further accelerate the american economy, already strongly growing in the last quarter of 2017.

Some american companies, including American Airlines, AT&T, Bank of America e Wells Fargo – in the aftermath of the approval of tax reform – have announced an increase in their employees’ minimum salary from $ 9 to $ 15/hour, plus a special bonus of $ 1.000. In this way, the companies pursue the goal of stimulating demand, reinvesting the equivalent of tax cuts to restart the offer. Two effects that – shortly - will contribute to sustain the US economic growth.