With Donald Trump elected as the 47th President of the United States and the GOP's strengthened position in Congress, the future of U.S. tax policy is taking shape. President-elect Trump's tax proposals offer a glimpse into potential changes for 2025 and beyond, with expectations that many key provisions from the Tax Cuts and Jobs Act of 2017 (TCJA) will be extended or made permanent. This development is critical for global businesses and individuals, as U.S. tax policy can have far-reaching implications on international markets and cross-border transactions. Understanding these potential changes is essential for effective tax planning and strategic decision-making. Crowe LLP provides valuable insights into these proposals, helping global audiences navigate the evolving tax landscape and prepare for future shifts in policy.
Originally published by Crowe LLP, 7 November 2024
