Law360 (April 3, 2018, 6:18 PM EDT) -- On Dec. 22, 2017, President Trump signed into law a bill generally referred to as the Tax Cuts and Jobs Act, P.L.115-97. TCJA makes significant changes to the federal income tax laws for both individuals and entities. Here we will summarize the principal provisions of TCJA expected to impact the private equity industry including managers, investors and portfolio companies.
Lower Tax Rates and Repeal of Corporate Alternative Minimum Tax
TCJA permanently reduces the corporate tax rate to a flat rate of 21 percent for tax years beginning after Dec. 31, 2017. This rate combined with the maximum tax rate on "qualified...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!