This Explains Everything

Our favorite take on one of the most important developments of the last two weeks

US business, don’t wait for final tax reform

When it comes to tax reform, planning and preparing always beats watching and waiting. The House is scheduled to release a full tax reform bill on Nov. 1, but the process will face many twists and turns. Despite the uncertainties of outcomes, companies have powerful opportunities to implement planning strategies that can be implemented before any tax reform passage.

Grant Thornton, October 10, 2017

The Ways and the Means

The latest analysis on regulatory, policy, and legislative process, and when it’s happening

Major divisions remain as GOP nears its tax deadline

In a sign of the challenge to come, House Republicans narrowly passed a budget measure allowing the tax overhaul to increase the deficit by $1.5 trillion over a decade.

The Washington Post, October 26, 2017

The race for a major tax overhaul is on. Here’s one big obstacle.

The House narrowly adopted a budget resolution, but a lingering obstacle to overhauling the U.S. tax code re-emerged: whether or how to limit a federal tax break that benefits high-tax states.

Bloomberg, October 26, 2017

House GOP launches probes into Obama-era uranium deal, Clinton email inquiry

Leading House Republicans are investigating how the Obama administration’s Justice Department handled a deal that gave Russia control over 20 percent of the U.S. uranium supply.

The Washington Post, October 24, 2017

How Grant Thornton Can Help

Whether navigating market and regulatory changes, or trying to better prepare for your future business environment, Grant Thornton is ready to help you develop innovative and practical solutions.

Follow The Leading Indicators

A macro look at what’s impacting markets, trade, labor, and the environment

How Wall Street scored its big win in Congress

Small banks lobbied waffling Republicans to scrap rule that would have made it easier to sue financial industry.

The Wall Street Journal, October 26, 2017

Labor Dept. discrimination settlements hit record in fiscal 2017

Federal contractors forked over a record $23 million in the past fiscal year to settle workplace discrimination charges from the Labor Department.

Bloomberg BNA, October 26, 2017

Under Trump, Made in America is losing out to Russian steel

An oligarch-owned steel company is winning pipeline contracts, and foreign steel imports are up 24 percent this year.

Bloomberg Businessweek, October 25, 2017

This Means Business

Manage your money with our 2017 Tax Guide for Public Businesses

Tax professionals need to stay informed, especially this year, with tax reform looming. Grant Thornton’s new Year-End Tax Guide 2017 for public businesses is your source for planning tips, recent tax law changes, and the important tax issues facing public companies.

Tax Guide for Public Businesses

Industry Impact

What’s moving in industry, especially pharma, tech, energy, finance, and manufacturing

America’s tech giants have no political party to protect them

They could eventually receive the kind of scrutiny that banks received after the financial crisis.

The Economist, October 26, 2017

GOP lawmakers want more Alaska drilling. The Trump administration isn't waiting.

Senate Republicans sparked an uproar from environmentalists and their Democratic allies after voting to raise revenue by drilling for oil in the Arctic National Wildlife Refuge in the northeast corner of Alaska.

The Washington Post, October 26, 2017

Where internet orders mean real jobs, and new life for communities

Vast warehouses are being built, fueling a demand for lower-skilled workers and reviving areas that once relied on manufacturing.

The New York Times, October 22, 2017

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