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Federal tax reform creates winners and losers

by Mark Sanchez | Nov 06, 2017   ()

The reform proposal rolled out by Republicans in Congress to rewrite the U.S. tax code creates the proverbial winners and losers, sources say.

Corporations could benefit from a proposed lower flat tax rate and a one-time ability to repatriate cash back into the U.S. from foreign earnings. Many small businesses could benefit as well, although one trade association in Washington, D.C. offered early opposition to the proposal because it “leaves too many small businesses behind.”

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Source: MiBiz
Source: MiBiz

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