Tax Reform Framework Archives

Tax Reform Framework

State and Local Tax Aspects of Republican Tax Reform Framework

by McDermott Will & Emery | Sep 29, 2017 | Allocation/Apportionment, Federal Tax, Income Tax, Local Tax, Nationwide Importance, Property Tax, Tax Base, Transfer Pricing

The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on federal tax reform. The states conform to the federal tax laws to varying degrees and the extent to which they will adopt any federal changes is uncertain. This memorandum outlines some of the key areas—individual taxation, general business taxation and international taxation— with which the states will be concerned as details continue to unfold.

Republican Leaders Release Tax Reform Framework

by McDermott Will & Emery | Sep 28, 2017 | Federal Tax, Income Tax, Nationwide Importance, Transaction Taxes

The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on tax reform. This outline will serve as a useful framework in structuring what will be an active, and likely contentious, phase of reform activity.