• AmCham Insights: U.S. Tax Reforms in this Trump Era

    March 21 2017, 08:30 - 10:30
    Location: AmCham France, 77 rue de miromesnil 75008 Paris
    Lower rates, broader base and border adjustments: do you win or lose in the shuffle?

    As you read this, the most comprehensive U.S. tax reform in decades is being formulated. It is time to start anticipating and preparing. Join us as we review which taxpayers stand to win and which stand to lose, and suggest how to get ready for the coming changes.

    The Republican-led House of Representatives proposed groundbreaking reforms in its June 2016 “Blueprint”. Their initiatives gained unexpected momentum with Donald Trump’s victory.  With Republicans now in control of the legislative process, a heightened desire for reform, and promises made on the campaign trail, significant changes seem imminent.

    The Blueprint’s concepts are currently being debated and re-worked into a bill that will serve as the framework for negotiations in 2017.
    As part of our U.S. Transition Series, this breakfast event will discuss and explain certain key considerations:

    That tax rates may decrease and capital expenditures may become currently deductible is welcome news.  But, eliminated deductions (e.g. interest) could result in higher taxes for some.  

    The border adjustment cash flow tax mechanism would change the very nature of the income tax, benefitting taxpayers that export from the U.S., to the detriment of those who import goods or services into the U.S. 

    The shift from a worldwide tax system to a territorial based regime for U.S. corporations would include a transition tax “toll charge” on offshore earnings of its non-U.S. subsidiaries, which would lead to immediate taxation of such earnings.

    Members: Free
    Non Members: Free