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Trump Announces US Tax Reform

President Trump says he wants to reform America's tax system and told people in Missouri about his plans to cut corporation tax to 15%.

President Trump says he wants to reform America's tax system and told people in Missouri about his plans to cut corporation tax rate to 15%. So what do businesses think? We speak to Ray McCarthy from the Associated Industries of Missouri and Harry Stein at the Center for American Progress think tank. Elsewhere in the US, the country's largest oil refinery has been temporarily shut down because of floodwaters in Texas. It is owned by oil giant Royal Dutch Shell, and we hear from its chief executive, Ben van Beurden, about the impact of Tropical Storm Harvey on its operations. Also in the programme, we remember businessman Sir David Tang who has died. He was a giant of the business world in China, Hong Kong and Britain. He owned a high-end fashion chain, restaurants, and wrote a weekly column in the Financial Times. Lionel Barber, editor of the Financial Times shares some memories of his friend and colleague. Plus we have a report from Serbia on a boom of artisanal ice cream makers in the capital Belgrade. Roger Hearing is joined during the programme by Peter Morici, from the University of Maryland in Washington DC, and Andrew Peaple from the Wall Street Journal in Hong Kong.

(Picture: President Donald Trump arriving to speak about tax reform plans in Springfield, Missouri. Credit: Getty Images)

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50 minutes

Last on

Thu 31 Aug 2017 00:06GMT

Broadcast

  • Thu 31 Aug 2017 00:06GMT

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