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The Tax Cuts and Jobs Act of 2017 changed the way interest is deductible when companies become highly leveraged. These changes could affect the advice you will give your client in the final project, as well as your actual clients. For this assignment, read the resource article First Look at the Tax Cuts and Jobs Act of 2017 and write a short paper about the changes in tax code.
Date Posted: 21/08/2021
Category: Business
Due Date: 22/08/2021
Instruction
First Look at the Tax Cuts and Jobs Act of 2017 and write a short paper about how the changes in presidential and congressional leadership cause changes to the tax code. Do you agree or disagree with the changes to the deductibility of interest and changes in expenditures of capital assets? How do you think this will affect certain industries that borrow quite a bit, such as banks and financial institutions? Reference the current tax code sections that will be affected by these potential changes.
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