Quote:
Originally Posted by PeteMoss
With the reaction to their new 'economic plan' of cutting taxes - good chance it hits parity with USD in the next little bit.
|
I obviously don’t understand currency valuations
While the revenue for the government will go down, the theory is that Businesses should be stronger as they get to keep more of their revenues.
Does this mean the government income is more of a leading factor into the value of a country’s income than strength of business?
Does this mean the market generally doesn’t believe that business will get stronger with this tax action?
Are there other things going on and this new tax policy is coincidental?