Trump administration are looking to shift the US corporate tax regime to a territorial system

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One of first orders President Trump will undertake as part of his presidential duties will be to implement changes to the US’s corporate tax code in an effort to stimulate the domestic economy and encourage US manufacturing as opposed to importing goods from other jurisdictions. There are two competing models for the implementation of the policy: one from Trump’s administration, and another from the House of Representatives. Shareholders expect the House’s model to be the chosen one. Both regimes will see a major overhaul in tax regimes to incorporate a territorial method of taxation rather than the current worldwide system.