U.S. stocks fell for the first time in four days after comments from new Federal Reserve Chair Jerome Powell sent rates higher.

But in general, we’ve been seeing US stocks push up over the past few months and that’s been partly attributed to the tax reforms announced by US president Donald Trump.

That was also the first US tax reform in 30 years, so there has been lots of market speculation on how US companies and citizens will be affected by the changes.

To help us understand this better, we got Kurt Rademacher, partner and Director of International Tax Practice at law firm Butler Snow to explain the impacts of US Tax Cuts on Singapore businesses.