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US Tax Reform

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    The planned US tax reform is a radical change of the current tax system. The reduction of the federal corporate tax rate from 35% to 20% is massive but the changes in the calculation of the taxable income are equally important. If the new bill is enacted in 2017 there will be an impact on tax accounting already in 2017.

    Swiss groups with US business will need to review their structure and dealings with the US. Swiss subsidiaries of US groups will also be effected and it may well be that cash or business is transferred to the US.

    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 seven 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


    Click here to read the full article on main features of the tax reform.


    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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