If a proposal recognises its stand alone intrinsic value. In other news donald trump has been laying out his economic plans should he become president. Trump repeated calls to cut taxes and regulation and is earmarking a governmentjob for controversial billionaire elon musk. Here is ritika gupta with the latest. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include a
Job for controversial billionaire elon musk. Here s ritika gupta with the details. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. This would be to eliminate wasteful federal spending a shot at the biden harris administration s spending levels. I will create a government efficiency c
we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more. earlier this week, a strong message from one of the world s biggest car makers to renegotiate details of the brexit deal, as their elec
the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops 7 the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, ukraine, it s been suffering for a year now. it s 12 months since russia invaded because of what president putin said was a need to demilitarise and de nazify that country. and in that time, thousands have died as ukraine continues to valiantly defend itself. but it s also come at a huge economic cost for both ukraine and the rest of the world. and that s one of the reasons why western a
ukraine s vast farms were feeding the world, but the country is now reliant on billions of dollars of help just to get through every month. ukraine s finance minister tells me how he s kept the economy functioning despite the missiles and the deliberate targeting of infrastructure, including the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops? the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, ukraine, it s been suffering for a year now. it s 12 months since russia invaded because of what p