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Trump sets U.S. tax reform announcement, orders tax rule review

Reuters  |  WASHINGTON 

By David MorganWASHINGTON (Reuters) - President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills."We'll be having a big announcement on Wednesday having to do with tax reform. The process has begun long ago, but it really formally begins on Wednesday," Trump said during a visit to the U.S. Treasury Department.First reported in an Associated Press interview with Trump, the news came as a surprise to lobbyists and ...

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First Published: Sat, April 22 2017. 08:03 IST