The Tax Law, Just One Month Old, Is Roaring Through U.S Companies

The Tax Law, Just One Month Old, Is Roaring Through U.S Companies

The latest tax overhaul has companies of all sizes re-evaluating and exploring new ideas. Companies now must comply with formal regulations on foreign income tax, tax breaks for partnerships, faster deductions for capital spending and new limits on interest. The effects will vary by company but will be significant. An immediate impact is several companies are now considering U.S for company expansion. There is more incentive to invest in the U.S because tax benefits. Other companies can use the savings to pay off debts, invest in new technology, and change employee compensation. The U.S treasury and the Internal Revenue Service will offer guidance of the few dozen provisions. We are only 30 days into the tax reform process, the implications aren’t fully known or understood but the future looks bright.

 

Read in-depth article here

No comments yet.

Leave a Reply