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Legal Update

“The Good, the Bad and the Ugly”—Fundamental Tax Reform Is Enacted Into Law

27 December 2017
Mayer Brown Legal Update
On December 22, 2017, after some degree of uncertainty as to timing, President Donald Trump signed H.R. 1, the “Tax Cuts and Jobs Act” (the “Tax Act”), into law. The Tax Act is an amalgam of the tax bills passed by each chamber of Congress and marks the most sweeping changes to the US tax system in 30 years, touching virtually every area of the US tax rules. This Legal Update discusses the impact of the Tax Act on businesses, the international US tax system, financial institutions, compensation, individuals, partnerships, real estate, tax-exempt entities, the insurance industry and life settlements.

Authors

  • Jason S. Bazar
    T +1 212 506 2323
  • Brian W. Kittle
    T +1 212 506 2187
  • George W. Craven
    T +1 312 701 7231
  • Steven D. Garden
    T +1 312 701 7830
  • Mark H. Leeds
    T +1 212 506 2499
  • Matthew A. McDonald
    T +1 312 701 8321
  • James C. Williams
    T +1 312 701 8139
  • Warren S. Payne
    Legal Professional / Consultant, Senior Advisor
    T +1 202 263 3831
  • Lucas Giardelli
    T +1 212 506 2238
  • Jared B. Goldberger
    T +1 212 506 2421
  • George K. Haines
    T +1 312 701 8775
  • Megan K. Hall
    Associate
    T +1 202 263 3360
  • Christopher Odell
    T +1 312 701 8207
  • Grace Sur
    Associate
    T +1 212 506 2311
  • Xiao Xiao
    Associate
    T +1 312 701 8407
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