The pressure to complete tax reform is immense, ongoing, and far-reaching. There is bipartisan consensus that the U.S. corporate tax system is not competitive, as currently structured. And while its precise form, rates, and provisions may still be undetermined, enough is known that banking executives should absolutely begin readying their institutions for a likelihood of enactment of tax reform.
Basics of potential reform
A just-released high-level proposal from the Trump administration in many ways mirrors the long-standing House Republican Blueprint.
