Impact of the 2017 Tax Act on Businesses

The 2017 tax act (Pub. L. No. 115-97) made significant changes to the taxation of corporations and pass-through entities. All businesses need to be aware of the changes and how they affect their tax plans for 2018 and beyond. Businesses with foreign operations and holdings must also consider the impact of the substantial changes to the international tax rules.
This report contains highlights of the 2017 tax act, specific to its impact on businesses.