What will be Trump effect on global tax regime?

In view of the massive tax rate cut, the TRP intends to promote business activity 'at home'

US President-elect Donald Trump’s tax reform plan (TRP) has been seen as one of his clear objectives during the campaign and Congress perceives this as a likely opportunity to update a tax code which has not seen any major overhaul for over three decades. While the uncertainty about what policies Trump will pursue as president will remain till he assumes office, analysts are anticipating a comprehensive tax reform to have a knock-on effect on the global tax regime.

The major reforms in Trump’s TRP aim to broaden the individual income tax base and targets modifying the corporate income tax base