On December 20, 2017, Congress enacted comprehensive tax legislation (the "Act"). This memorandum highlights some of the important provisions relating to U.S. corporate and multinational taxpayers and provides a comparison with the law that was in effect prior to the Act. Unless otherwise noted below, these provisions will be effective for tax periods beginning in 2018.
For information on the Provisions of the New Law applicable to Individual and Passthroughs, see our alert U.S. Tax Legislation – Individual and Passthroughs Provisions dated January 9, 2018.
