Eversheds Sutherland Tax Reform Law Blog
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GOP Releases Tax Reform Framework

The White House and Congressional Republicans have released the Unified Framework for Fixing Our Broken Tax Code. The goals for the Framework, which is described as a template for the tax-writing committees, include providing tax relief for the middle class; simplifying the tax filing process; providing tax relief for businesses (with an emphasis on small businesses); ending incentives...

Tax Reform Blueprint Expected to Include 25% Tax Rate for Pass-Through Entities

The GOP tax reform framework is expected to include a new 25% tax rate for “pass-through” businesses, so named because profits and losses transfer directly to the entity’s owners.  Income earned through pass-through businesses is currently taxed at individual income rates as high as 39.6%.  President Trump is scheduled to announce his tax reform plan, which will also...