Question
Asked Mar 7, 2019
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The Tax Cuts and Jobs Act, enacted December 22, 2017, contained many provisions that impact US corporations.

Please select one corporation and summarize how this Act has or will affect the corporation.

 

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This act was introduced to reduce corporation tax from 35% to 21%. However, the government has not been able to curb the loopholes.

Limitations on carried interest was imposed. As per the Internal revenue services, carried interests are interests in partnership that share in partnership's net profit. These in...

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