In the latest podcast on the Thomson Reuters Institute (TRI) Insights channel, Nadya Britton, Enterprise Content Manager for Tax, Accounting & Trade at TRI, sat down again with Shaun Hunley, Executive Editor of Checkpoint, to delve into the potential tax policies of Donald Trump's presidency and what it may mean for tax preparers. The pair talk through several key issues, including Trump’s aims to lower the corporate tax rate, his proposal for a universal baseline tariff on all U.S. imports, and more surprising proposals like exempting tip income and overtime pay from taxation.
