Elizabeth Norman Presents ‘Tax Reform Under the Trump Administration: What Practitioners Should Expect’ at the BBAPrint PDF
Elizabeth M. Norman, a partner in Nutter’s Tax Department, served as a panelist at the Boston Bar Association’s (BBA) program “Tax Reform Under the Trump Administration: What Practitioners Should Expect” on May 23. The panel focused on the reforms to the Internal Revenue Code proposed by Donald Trump during his presidential campaign, including reducing the corporate income tax rate to 15 percent, reducing the highest rate on “pass-through” business income to 15 percent, and abolishing the estate and gift tax. Other drastic changes advocated by House Republicans to U.S. tax law—most notably the border adjustment tax—have been the subject of vigorous debate in recent months.
Topics discussed included whether these tax proposals are likely to materialize, or whether they are destined for the same “dead on arrival” status as the American Health Care Act. The panelists also discussed which of these proposals are likely to have the most significant and immediate impact.