02/14/2018 01:00 p.m. - 02:00 p.m. EST
Corporate Finance | Capital Markets, Federal Tax, and Financial Services
The Tax Cuts and Jobs Act of 2017 (H.R.1), signed into law by President Trump on December 22, 2017, is the most sweeping change to the U.S. tax code in decades. This historic bill impacts every taxpayer, and calls for lowering the individual and corporate tax rates, repealing the ACA’s shared responsibility requirement, enhancing the child tax credit, and more.
Wolters Kluwer and Morrison & Foerster will host a three-part webinar series focusing on three of the most impactful areas within the tax overhaul.
Session 2: Corporate Taxation – Domestic Tax Law Changes
Although the current 2017 maximum corporate tax rate is 35 percent, many corporations now pay an effective tax rate that is considerably less. However, H.R. 1 calls for a 21- percent corporate tax rate beginning in 2018, and the new law makes the new rate permanent. Under the new law, the 80-percent and 70-percent dividends received deductions under current law are reduced to 65-percent and 50-percent, respectively. It also repeals the AMT on corporations. We will discuss the prior law, current law, and focus on the following areas:
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