Overhauling the tax system: Corporate impacts

Tax form, money, and glassesWith comprehensive tax reform on the table, the first time since 1986, both the House and Senate versions of proposed tax reform bills represent foundational changes for today’s corporations and businesses. The House passed its sweeping $1.5T bill on November 16, paving the way for the Senate to approve its own version which offers a stark difference in approach but shares a commitment to a corporate tax rate cut.

Both bills include big wins for corporations in an attempt to stimulate economic growth, increase job creation and provide a tax rate system that is consistent with global peers.

During Grant Thornton’s recent executive workshop, “Operating in a Changing Landscape,” the firm’s tax leaders shared insights about anticipated implications of tax reform legislation and offered actionable steps corporations can take to jump start their tax planning strategies. The workshop is part of the year-long program series — Future Ready Business: Washington Impact — developed in partnership with Bloomberg BNA to help businesses understand and prepare for sweeping tax- and regulatory-policy changes.

Learn key insights about the following aspects of proposed tax reform:
  • Corporate implications from proposed House and Senate tax rate cuts
  • The global perspective of moving to an international territorial system
  • Anti-base erosion provisions proposed in tax reform bills
  • A five-step tax reform strategy plan for corporations

Watch the video below to learn compelling insights from Grant Thornton’s Jamie Fowler, national managing partner, Tax Services; David Auclair, national managing principal, Washington National Tax Office; Doreen Griffith, national tax leader-advisory and growth, Tax Reporting and Advisory; as well as Peter C. Mitchell, senior vice president and chief financial officer, Coeur Mining, a Grant Thornton client.

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