Yesterday President elect Donald Trump announced a raft of amendments to the US tax structure. The tax amendments were touted by the White House as the biggest in US history. A sharp reduction in corporate taxes from 35% to 15% and a simplification in the tax bands on individuals were at the centre of the cuts. What was also on the table was a ‘one time’ reduced corporate tax rate to induce US companies to re patriate trillions in profits being held overseas. With investors being underwhelmed by the lack of clarity in the specifics, commentators have begun to speculate that the announcement was more a statement of intent rather than a detailed set of cuts.