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Taxation of Business Income - Client Alert

"How the Election May Affect the Taxation of Business Income"
IP&B Client Alert

A Trump Administration, combined with Republican control of both the Senate and the House of Representatives, makes legislation to reform the taxation of business income more likely.  Despite the increased likelihood of legislative action, however, the specific content of reform legislation is more elusive than has been suggested by many, as is the path to enactment.

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