We are delighted to invite you to our exclusive briefing on the state of US tax reform and how it might impact your business. The event will cover recent US tax developments in the European context as well as look at the realistic prospects for business tax reform in the near term.
The American Taxpayer Relief Act of 2012 was enacted in the US on January 2, 2013. It contains a number of important changes to tax rates affecting high-income individuals, the estate tax, and provides permanent alternative minimum tax relief. It also retroactively reinstates and extends through 2013 a number of important business tax provisions that expired at the end of 2011 as well as a number of expired energy tax provisions. Many hope this legislation is simply the first step in a much broader tax reform process.
This session will review the major elements of the recent legislation. More importantly, it will discuss the factors that will influence the timing and substance of future business tax reform.