So called “pass through” firms may soon get a big tax cut

Published: 16/11/2017
So called “pass through” firms may soon get a big tax cut
Source: WWW.ECONOMIST.COM

PRESIDENT DONALD TRUMP broke with convention by not releasing his tax returns during his campaign for office. One reason might be his involvement in around 500 “pass-through” firms. The profits (and losses) of such businesses, unlike those of traditional corporations, flow directly onto the tax returns of their owners. So Mr Trump has good reason to pay attention as Republicans in Congress try to

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