Feigenbaum Law

U.S tax code

Tax

Corporate Tax Planning

Extensive Changes to US Tax Code

One of the largest overhauls of the tax code in many years has finally passed through the legislative system. Normally changes have dramatic effect on those in the US, but rarely have significant effect on US citizens in Canada because generally our higher individual tax rates provide enough foreign tax credit to offset any US tax on foreign source earnings. However, in this round of changes, there are numerous additional provisions which would affect US… Read More

FATCA- the capital building

Corporate Tax Planning

Landmark Tax Reform in the U.S: The Tax Cuts and Jobs Act

The Republican’s Tax Cuts and Jobs Act (TCJA) was enacted into law last week, with timing intended to comply with the President’s promise to have a tax bill signed before Christmas of this year. The TCJA is a $1.5 trillion overhaul that will introduce the first widespread changes to the U.S. tax code in more than 30 years. After first receiving Senate approval with a 51 to 48 vote, the TCJA was passed by… Read More

U.S Tax Code

Corporate Tax Planning

U.S Senate Passes Overhaul of U.S Tax Code

In a pre-dawn vote 51-49 vote that took place on December 2, the U.S. Senate approved a massive tax overhaul in what is the biggest change to American tax laws in more than 30 years. The new reforms bring the Trump administration closer to its election promises of decreasing corporate taxes and easing tax burdens on the wealthy. President Trump addressed reporters shortly after the Senate vote, praising the body for passing “tremendous tax… Read More