One of the most important reform plans of the Trump administration is now signed and sealed:...
US tax reform
On November 2, 2017, House GOP leaders unveiled their much anticipated tax reform bill, disclosing for the first time specific details that build off of the nine-page framework previously released in September. On November 17, 2017, the US House of Representatives approved the bill.
On the same day, the Senate Finance Committee passed its own version of the TCJA. However, significant differences still remain between the House and Senate plans. Before Donald Trump can sign the TCJA, the US House of Representatives and the US Senate must pass a joint bill. Whether this will happen before Christmas is not certain.
To find out more download our latest tax alerts "House GOP unveils tax overhaul details" and additionally "Senate Finance Committee passes Tax Cuts and Jobs Act with additional changes" written by our American colleagues Richard Bloom, James Wienclaw, Tifphani White King, Nathan Pliskin and Timothy Evans.
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Donald Trumps umfassende Steuerreform nimmt Gestalt an. Am 16. November 2017 sind die Pläne zur möglicherweise größten Steuerreform des Landes seit den 1980er-Jahren durch das US-Repräsentantenhaus mit 227 zu 205 Stimmengebilligt worden.
The US is one of Germany’s most important trading partners. German companies currently operate approximately 4,800 branches in the US, employing a total of some 850,000 staff. Germany, in turn, is home to approximately 1,400 subsidiaries of US firms, which employ approximately 270,000 people.
US Tax Desk
Alongside its USA Services, Mazars also operates US Tax Desk. US Tax Desk is a group of German, Dutch, British, Irish and Luxembourgian tax advisors, all specialising in US regulations.
Tax Alert 2018 Tax Reform Bill Codifies IRSs Position Regarding The Sale Of A Partnership Interest By A Foreign Partner