On April 26, the United States federal government has announcement tax reform which plans to decrease corporate income tax rate from 35% to 15%. If this is fully approved by the Congress, the United States will have a significant impact on global competitiveness. However, Anbound's research team believes that Trump's tax cuts face enormous financial pressures, coupled with infrastructure projects, tax cuts will make the rich the biggest beneficiaries among other issues. We believe that Trump's tax cuts will be put on hold for a long time and it will be hard to put into practice. If this expectation is correct, then the various arguments surrounding Trump’s plan have actually become less necessary.