It's highly likely that the enactment of the most significant US Tax Reform since 1986 is just around the corner. How will the final reform affect Swiss groups? Here’s a short overview of the latest developments and their potential impact.
The Ways and Means Committee of the US House of Representatives released a legislative text last week. This text represents the most significant step towards tax reform in over 30 years and begins the first official phase of the tax reform process.
A much anticipated tax reform framework was released last week. It serves now as a template for the tax-writing committees of the House and Senate, whereby the details need to be elaborated by these committees. The Framework can thus be viewed as an important but small step on a long, uncertain journey that doesn’t necessarily end in 2017.