By Tony Dong, Duan Tao (Daisy), Cao Linlin, Yang Yingjie King & Wood Mallesons’ Commercial & Regulatory Group
The US Senate and House of Representatives eventually voted to clear the Tax Cuts and Jobs Act on December 20, 2017, after several rounds of back and forth between the Houses. Two days later, the US President Donald Trump officially signed this Act into effective law, as the culmination of the US tax reform that had galvanized worldwide attention. This legislation is the biggest and most compressive overhaul of the US tax system since the Reagan administration in 1986.
Continue Reading Overseas Express丨The US tax reform’s impacts