Posted by Philip Lacki.
Trump’s tax plan will make it simpler to pay the government. After graduation, I plan on moving to Atlanta, GA and work for Delta Air Lines. Why am I getting into my future? Well because, U.S. companies pay the highest corporate taxes in the world, and as an aviation geek and enthusiast, U.S. Airlines pay some of the highest tax rates in the United States. U.S Airlines pay 38% in taxes, the highest in the industry. These numbers are ridiculous; only alcohol and tobacco companies pay these fees.
Delta Amsterdam, which is a foreign subsidiary based in the Netherlands of course, has a corporate tax rate of 25%. Delta has a large presence and hub at Schiphol Airport in Amsterdam and has brought some parts of its operations into the Netherlands. Donald Trump’s tax plan will help companies such as Delta come back into the United States and compete fairly.
Trump’s 15% tax rate will allow many U.S. based companies to be more competitive, provide more jobs, and operate more efficiently. Rates this high should be against the law and they need to be brought down. This post applies to business law because it applies to the laws of corporations and in this case, these companies aren’t being treated in a lawful way.
Philip is a public relations major at Seton Hall University with a minor in business administration at the Stillman School of Business, Seton Hall University, Class of 2017.