Evaluating Tax Reform Proposals and Their Potential Impact on the Energy Sector

Evaluating Tax Reform Proposals and Their Potential Impact on the Energy Sector

Stakeholders in the energy industry will need to keep a close eye on tax reform efforts.

Stakeholders in the energy industry will need to keep a close eye on tax reform efforts.

My colleagues issued this update earlier this week:

It has been over thirty years since the last major overhaul of the U.S. tax code, President Reagan’s Tax Reform Act of 1986. That process took over two years and required cooperation between the President and both parties in Congress. Since then, there have been thousands of changes to the tax code, making it much more complicated and, as a consequence, more difficult for businesses to operate. With Republicans in control on both Capitol Hill and in the White House, there has been an increasing amount of public pressure to once again do the impossible and overhaul the code to make it simpler for businesses and individuals. . . .  Stakeholders in the energy industry will need to keep a close eye on the details of the outlines listed below as well as any future developments regarding tax reform.

The full post can be viewed here.

Image by vicky53.

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