This Explains Everything

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

Should pass-through owners switch to C-corp status?

Under the new tax reform legislation, the corporate tax rate drops to 21 percent in 2018 and future years. While individual rates drop as well, the spread between individual and corporate rates has widened dramatically. Many owners of pass-through businesses are therefore wondering if it is time to switch to C-corporation status. Learn the five questions pass-through owners should consider before making an entity change.

Grant Thornton, February 21, 2018

The Ways and the Means

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

What's in the White House budget request?

The White House released its fiscal 2019 budget on Monday, outlining the administration’s fiscal priorities at a moment when Congress is already moving ahead with its own spending plan.

The New York Times, February 12, 2018

Trump sends his infrastructure plan to skeptical Congress

President Donald Trump Monday released his long-awaited proposal to upgrade roads, airports and other public works, kicking off what will likely be a tough sell in Congress with Democrats saying the plan falls short and Republicans wary of another big spending measure.

Bloomberg, February 12, 2018

Trump edges toward a conventional Republican approach, at least on policy

For all the ways Trump has defied and flouted the norms of his office, many policies that he has approved are downright ordinary by the standards of modern Republican administrations.

The New York Times, February 19, 2018

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

For the Federal Reserve, a new chief but same interest-rate path

Fed Chairman Jerome Powell’s focus on continuity suggests gradual increases for the year.

The Wall Street Journal, February 16, 2018

Recent tax reforms in America will hurt charities

Local non-profits and churches will be affected the most.

The Economist, February 15, 2018

IMF warns Trump's tax overhaul could fuel a global 'race to the bottom'

IMF managing director Christine Lagarde said the Trump administration’s $1.5 trillion tax cut could prompt other nations to follow suit, fueling a “race to the bottom” that risks hemming in public spending.

Bloomberg, February 16, 2018

This Means Business

Ready to re-organize? Global impacts of an entity change

Businesses large and small are evaluating the impacts of the newly enacted Tax Cuts and Jobs Act, dusting off old strategies and exploring new approaches to their operations to leverage benefits of new tax changes. Under the new international tax rules, corporate ownership of foreign operations is especially more favorable in many ways when compared to non-corporate ownership. We outline key considerations when evaluating legal entity choice.

globe on the money

Industry Impact

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

Infrastructure plan falls flat for investors

President Trump’s infrastructure plan has left investors in infrastructure firms unimpressed.

The Wall Street Journal, February 16, 2018

The world's largest-ever tech deal now depends on Qualcomm

Broadcom has offered $146 billion for its rival chip giant but many obstacles remain.

The Economist, February 17, 2018

Water infrastructure among few EPA winners in Trump budget plan

Water infrastructure funding would be essentially shielded from the deep cuts the Trump administration is seeking in Environmental Protection Agency funding in fiscal 2019, even as the president seeks to eliminate or greatly reduce regional water quality programs.

Bloomberg Environment, February 12, 2018

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