As you may be aware, the Senate Finance Committee on 16 November 2017 approved a Senate version of US tax reform legislation. The Finance Committee action comes after the House of Representatives on the same day voted to pass the ‘Tax Cuts and Jobs Act’ (HR 1). These actions indicate Congress’s continued efforts to enact major tax legislation by the end of 2017.
This Tax Reform represents the largest overhaul of the US tax code since the Tax Reform Act of 1986 and would provide more competitive US business tax rates, modernized international tax rules, and significant simplification for both business and individual taxpayers. One of the key provisions is to lower the top corporate tax rate from 35% to 20%. However, some of the proposed changes could impose significant additional burdens on both US and foreign taxpayers and could encourage other countries to enact similar or retaliatory legislation.
Please join us for our EMEA Webcast on 27 November 2017 where we will provide an update on the provisions, the latest on potential timing, and have a discussion on the practical implications of the US Tax Reform on non-US based multinationals.
Date: 27 November 2017
Time: 4.00 – 5.00 pm CET
Duration: 60 minutes (including Q&A)
Click here to register.
- Monica Cohen-Dumani – Partner, International tax services, Central Cluster ITS Leader – PwC Switzerland
- Tom Patten – US Tax Partner, PwC UK
- Bernard Moens – US International Inbound Tax Services Leader, PwC New York
- Christopher P. Kong – US Inbound Tax Leader, PwC
- Scott McCandless – US Federal Tax Policy Services Partner
Once you register, you will receive a confirmation email with a link and access instructions for joining the webcast.