Legal Alert - Tax Reform in 2017? What is in Store for U.S. Businesses
by Bahar A. Schippel and Soheila Shahidi
With Republicans in control of the White House and Congress, one of the top priorities is tax reform. President Trump’s tax reform proposal and the House Republicans’ tax reform “Blueprint” suggest many changes to business and individual tax provisions. While many eagerly await tax law reform, it is difficult to begin planning for the changes in light of competing proposals and uncertainty about important details relating to these changes. The following is a preview of some of the main proposals as they pertain to business taxes.