Tokyo — Asian shares eased from a near two-year high on Thursday as a long-awaited US tax cut plan failed to inspire investors, though sentiment remained supported by global growth prospects and receding worries about political risks in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4% after hitting its highest level since June 2015 on Wednesday. Japan’s Nikkei dipped 0.3%. US President Donald Trump proposed slashing tax rates for businesses to 15% from the current 35% for public corporations and 39.6% for small businesses, and on overseas corporate profits returned to the country. But the one-page plan, billed as the biggest tax cut in history by the administration, offered no specifics on how it would be paid for without increasing the deficit, which many analysts think would be difficult to achieve. "There was virtually no new information, just as expected. He was essentially repeating his campaign promises," said Tomoaki Shishido, senior fixed income s...
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