Corporate Tax Rates and a Financial Transactions Tax in 2020

摘要

With the 2020 election cycle underway, heated discussions on taxes will be part of the drama. Democratic presidential contenders have floated several tax increases already, including a carbon tax, wealth taxes and higher income tax rates on high-income families. Banks of course need to assess how higher tax rates on individuals would impact their customers and themselves in the case of Subchapter S banks. But it will be proposals for a higher corporate tax rate and a financial transactions tax that would have the greatest negative impacts for the industry.