NSW treasurer in US for Trump tax reforms

The NSW treasurer will visit the United States to learn about regulatory and tax reforms.

NSW Treasurer Dominic Perrottet is seen during a meeting.

NSW Treasurer Dominic Perrottet will visit the US to learn about regulatory and tax reforms. (AAP)

NSW Treasurer Dominic Perrottet is touring the United States to learn about the Trump administration's new tax and regulatory reforms.

Mr Perrottet, who will travel to Washington DC, New York and San Francisco, said he also hoped to spruik the NSW asset recycling strategy.

"This trade mission provides a platform to showcase NSW as an attractive destination for businesses to invest and create jobs," he said in a statement.

Mr Perrottet said he was interested in learning about recent economic reforms.

"This is also a great opportunity to get an up-close look at the regulatory and tax reforms that are turbo-charging the US economy and creating new opportunities for workers and businesses, and to bring those insights back to NSW."

Last month, President Donald Trump signed a tax package that cut the corporate income tax to 21 per cent from 35 per cent in a bid to attract business to the US.

Mr Perrottet will give a seminar to Stanford University's Global Projects Centre on the NSW asset recycling scheme.

The lease of 50.4 per cent of the state's Endeavour Energy raked in more than $7 billion for the NSW government.

Mr Perrottet said US policymakers were keen to learn more about the asset sales as they face their own infrastructure and budgetary challenges.

The state treasurer will be accompanied by NSW Treasury Secretary Michael Pratt and NSW Treasury Corporation Chief Executive David Deverall.

Mr Perrottet departed Australia on January 27 and is expected to return on February 5.


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Source: AAP


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