Tuesday, October 3, 2017

Republican Framework Will Seek to Modernize Special Tax Treatment of Certain Industries

The Republican framework for tax reform will look to modernize special tax regimes that govern the tax treatment of certain industries and sectors of our economy.

The framework proposes to limit opportunities by certain industries for tax avoidance and to ensure the tax code better reflects economic realities.

While the framework did not specifically mention credit unions, credit unions are an example of an industry that currently receives preferential tax treatment.

The framework was released on September 27.

Read Tax Reform Framework.
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