Trump GOP: US tax reform

Welcome to our US tax reform page. This page is a resource for the progression of the US GOP tax reform introduced in 2017, and provides updates, a timeline of key developments, and various analyses on the implications and opportunities.

Currently only in proposed form, it represents the most significant US tax reform since 1986. As proposed, it is effective as drafted in many respects on January 1, 2018. With implications for business entities, charities and individuals within and outside of the United States it gives rise to the following question – “How does this impact me, my affairs and businesses?”

The impacts are far reaching as individuals may need to re-evaluate their decisions to move or buy or sell a home, businesses will need to evaluate proposed budgets and projects and review their lending practices and charities will need to review funding and operational practices. Long standing choice of entity decisions will need to be reconsidered.

Unfortunately, and consistent with much of US politics in the last year, little time is scheduled or tabled for comments and discussion. This leads to the more important question – “What should I do now?“‎ As in immediately, due to the fact that certain rules may change in profound ways in less than 10 weeks.

As attorneys and advisors, it is important that our clients understand the implications for them as well as options available to them. The impacts will affect real life spending decisions both in the near term (before 2018) and going forward and we look forward to providing our clients with timely and sophisticated guidance to help them navigate this quickly evolving landscape.

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November 2017


GOVERNMENT PRONOUNCEMENTS

Senate Finance Committee legislative text in advance of floor action


November 21, 2017

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House bill H.R. 1 - as passed by the House


November 16, 2017

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GOVERNMENT PRONOUNCEMENTS

Senate Finance Committee Chairman's managers amendment to Senate tax plan


November 16, 2017

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Senate Finance Committee Chairman's mark (modified tax plan)


November 14, 2017

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Amendments list as of November 13


November 13, 2017

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Senate Finance Committee Chairman Hatch amendments filed


November 13, 2017

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House Rules Committee updated text of H.R. 1


November 10, 2017

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Joint Committee on Taxation estimated revenue effects of Chairman's mark


November 9, 2017

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Joint Committee on Taxation description of Senate Finance Committee proposal


November 9, 2017

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Senate Finance Committee tax reform policy highlights


November 9, 2017

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House Committee on ways and means – H.R.1 amendment #2 Section by section summary


November 9, 2017

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House Committee on ways and means Chairman's managers amendment – H.R. amendment #2


November 9, 2017

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House Committee on ways and means Chairman's mark – H.R. amendment #1


November 6, 2017

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Joint Committee on taxation description of H.R. 1 substitute amendment


November 3, 2017

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House Committee Chairman Brady amendment in nature of substitute to H.R. 1


November 3, 2017

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House Committee on ways and means – H.R.1 section by section summary


November 2, 2017

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House bill H.R. 1


November 2, 2017

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OUR COMMENTARY

Webinar: The Tax Cuts and Jobs Act


November 28, 2017

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US Inbound Taxation: Senate Finance Committee tax reform plan would overturn recent Tax Court decision


November 10, 2017

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Update: Effect of Senate tax proposal on the art market


November 10, 2017

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Effect of proposed US tax bill on family offices and investment vehicles


November 7, 2017

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Tax plan comes with a few surprises for charities and donors


November 6, 2017

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US tax proposals: reform, rate adjustment or just hyperbole?


November 6, 2017

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Effect of proposed US tax bill on the art market


November 2, 2017

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September 2017


GOVERNMENT PRONOUNCEMENTS

Joint Statement on Tax Reform


July 27, 2017

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GOVERNMENT PRONOUNCEMENTS

Unified framework for fixing our broken tax code


September 27, 2017

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OUR COMMENTARY

Webinar: The unified framework on tax reform - What estate and wealth planning professionals need to know


October 12, 2017

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From blueprint to framework: Construction begins on US tax reform initiative


September 29, 2017

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Details of comprehensive US tax reform announced


September 28, 2017

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July 2017


June 2017


GOVERNMENT PRONOUNCEMENTS

Budget of the US Government - A New Foundation for American Greatness


May 23, 2017

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America First - A Budget Blueprint to Make America Great Again


June 2017

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April 2017


GOVERNMENT PRONOUNCEMENTS

2017 Tax Reform for Economic Growth and American Jobs


April 26, 2017

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OUR COMMENTARY

Trump tax plan released in summary form and provides for 15% business tax rate


April 28, 2017

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November 2016


OUR COMMENTARY

Trump administration and a Republican controlled Congress - Possible tax changes on the horizon


November 11, 2016

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September 2016


GOVERNMENT PRONOUNCEMENTS

Trump campaign - Tax reform that will make America great again


September 12, 2016

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June 2016


GOVERNMENT PRONOUNCEMENTS

GOP policy paper – A better way our vision for a confident America


June 24, 2016

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2014


GOVERNMENT PRONOUNCEMENTS

Introduction of the Tax Reform Act of 2014


December 11, 2014

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Joint Committee Technical Explanation of the Tax Reform Act of 2014


September 2014

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