Tax changes in the US to substantially boost the economy
The US National Retail Federation (the world’s largest retail trade association ) commented that the recently legislated tax changes will boost the US economy more than any other initiative in decades. Retailers will benefit as employment grows and wages increase. The NRF expects up to 1.5 million new jobs to be created as a result of the new tax regime. Congressional estimates show a family on the average income of $73,000 pa will see a tax cut of over $2,000 in 2018.