27 Apr 2017

Major tax reforms announced in the US

From Morning Report, 6:15 am on 27 April 2017

The Trump administration has just announced a package of major tax reforms. It's proposing a 15 percent tax rate for business, to reduce the number of tax brackets from 7 to 3 and to double the standard deduction Americans can claim on tax returns. Our correspondent, Nick Harper, has all the details.