Tax reform efforts, if successful, will have a major impact on virtually every business. There has been a great deal of reporting on the tax reform process and the proposed changes to the US Internal Revenue Code (IRC). This Alert provides a high-level overview of the top 7 tax reform issues that all executives need to know:

  • Current status of tax reform
  • Tax rate for corporations and partnerships and other pass-through income
  • Limitations on interest deductibility
  • Immediate deductibility of otherwise capital costs
  • Changes to the US international tax system
  • State and local tax impacts
  • Compensation and benefits provisions

View the full Legal Alert.