HANDELSBLATT EXCLUSIVE

Germany warms to Trump tax plan

Trump speech on economy in Detroit
Donald Trump promised to cut the U.S. corporate tax rate during an economic speechin Detroit back in August. Source: DPA

There’s no love lost in Germany for U.S. President-elect Donald Trump, but economists and even government officials are willing to give credit where credit is due.

Mr. Trump’s plan to slash corporate taxes could help reduce global tax avoidance, according to a study by the Center for European Economic Research, ZEW, that Handelsblatt has obtained.

“Europeans could actually make an exception and applaud the new U.S. president once,” Friedrich Heinemann, the economist who authored the study, told Handelsblatt.

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