2/16/2018, 9:32 AM (Source: TeleTrader)
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Siemens CEO praises Trump's tax reform

Siemens chief executive Joe Kaeser told CNBC he believes the changes to the US tax system would create more jobs. "There is a very, very good chance that a lot of jobs are being created because the companies have more money to spend on innovation and growth," he said.

Kaeser added that the US President Donald Trump did a good job with his tax reform, a move broadly viewed as a legislative victory for Trump as he lowered the the corporate tax rate from 35% to 21% and experts predict the reform will lift consumer spending and US growth.

Breaking the News / KP