Tax System
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Taxation in the United States
The US tax system is considered one of the most developed tax systems. The USA is a country-oriented towards a liberal economic model and is a federal state. It uses a three-tier tax system: federal taxes, state taxes, local taxes. The body that administers taxes in the United States is the Internal Revenue Service (IRS),…
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Donald Trump unveils ambitious plan to overhaul US tax system
In front of his supporters, US President Donald Trump presented a “historic”, he said, “a tax reduction plan for the American people.” “We are going to return jobs and welfare that many Americans think have left our country forever,” the head of the White House said to the stormy applause. After these promises, the whole…