An insightful article by Alvarez & Marsal Tax on why the status quo may be the best assumption relative to planning for tax reform.
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One negative aspect of this Framework is that it presents new challenges, specifically in terms of the timing to pass tax reform legislation. Without a clear budgetary approach, the legislative process is shaping up to be extremely difficult and time consuming. Based on these factors, we believe that there is an insufficient rationale for relying on game-changing tax reform in the near term; it’s back to status quo business for now.
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