Wilbur Ross wants to reform the tax code in a dramatic way.
"We need something that is very far-reaching, very dramatic," he said.
"An idea I've been in favor of is to scrap all of the corporate income taxes, all of the individual income taxes, and substitute a value-added tax on all goods imported into the country and manufactured and consumed here, and then rebate it on exports." Ross added.
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TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. Study found that the aggregated activities of insiders can serve a good indicator to locate the market bottoms. Insider as a whole are smart investors of their own companies.
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