Trumps has set to simply the tax plan which will be bad for H&R. Trump declared saying We're going to simplify very greatly the tax code. Its too complicated. H&R block probably wont be too happy that one business that might not be happy with what were doing" Trump said. " Other than H&R block, I think people are going to love it." Trumps administration is reforming a tax plan for both individuals and businesses. Trumps says the massive tax plan is going very well and hopefully will do better in the future. Shares of H&R Block fell nearly 4% after Trump was elected and an additional 2% since then. Trumps has dissed H&R Block before, during his campaign Trump wanted " to put the company out of business by greatly simplifying taxes " Hell to make it simpler both for us as tax prepares and for you as an individual. The tax code is is complex and difficult to navigate for many Americans its time for a change. Before the tax rules can be changed the govt needs to figure out how they are going to administer social programs. Regardless of the outcome , people will still need help to sort through the changes and the impact on their taxes.
1. If you pay or if you would pay taxes how would you feel about Trumps actions?
2. Do you think H&R shares will gradually fall even more?
3. What do you think is the best solution for this situation ?
http://money.cnn.com/2017/02/15/pf/taxes/donald-trump-hr-block/index.html
it doesn't matter if they change the codes or the way taxes are done unless it will benefit the tax payers and reduce the deductions as long as we well not end up paying more taxes. this may hurt HR & Block, and their shares will go down for sure .
ReplyDeleteI think that Trump's "simplification" of the tax codes will only benefit a certain group of people. I believe that H&R's shares will probably fall more as people trust Trump's business instinct.
ReplyDeleteI think that his simplification of the codes wont benefit everyone, Trump being a business man, people will agree with him and his actions.
ReplyDeleteI think simplifying the tax codes will perhaps benefit some people, but overall, it will make it harder on everyone to have to implement new changes.
ReplyDeleteI believe that we do need simpler tax codes but I'm unsure what Trump is trying to do. Yes. Simplify both then find some middle ground.
ReplyDeleteI don't think what Trump is doing/the way he is doing it is a beneficial way for everyone. I think that it is a high possibility that the shares would fall.
ReplyDeleteI just would not use H&R Block and pay my taxes another way. If it has fallen to this point then what is stopping it from going lower. There is not solution.
ReplyDeleteWhile trump may think for the best of the nations with his intentions. He is ultimately hurting the citizens by changing tax codes. We have to figure whether this change is actually going to help in the run long.
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