GOP Tax Bill A Boon For Deal-Making, But Questions Remain
Law360, New York (November 3, 2017, 5:07 PM EDT) -- The new tax bill released by House Republicans has been welcomed by mergers and acquisitions professionals pleased with the cutting of corporate tax rates, though in its current form the legislation leaves open many questions, including how the elimination of certain deductions might affect the private equity industry.
The almost 430-page bill, called the Tax Cuts and Jobs Act, is heavy on detail in some areas while skimping on the specifics of how other changes would actually work, and experts warn that the legislation is likely to undergo substantial revisions.
"There's a lot of really controversial stuff in here," said Jamie...
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