Internal memo links Trump, Treasury officials, and tax policy advocates to push for a U.S. VAT and corporate tax cuts

Summary

Internal memo links Trump, Treasury officials, and tax policy advocates to push for a U.S. VAT and corporate tax cuts The passage outlines a strategy to introduce a value‑added tax (VAT) and cut the corporate rate, citing that only President Trump could break the political deadlock. It mentions senior Treasury figures (Mnuchin, Cohn) and a policy adviser (Woo) supporting the plan, providing a concrete policy angle and timeline. While it does not contain direct evidence of wrongdoing, it offers a lead on who is championing a controversial tax shift that could affect billions of dollars and has political sensitivity. Key insights: Trump is portrayed as the sole actor able to pass a VAT and corporate tax cut.; Treasury Secretary Mnuchin and Deputy Treasury Secretary Cohn are cited as knowledgeable about the VAT proposal.; Policy adviser 'Woo' is quoted as backing the VAT and tax reform, linking it to a stronger USD and higher yields.