What Dealmakers Need to Know About Tax Reform

Congress on December 20, 2017 gave final approval to the House and Senate conference committee agreement on tax reform legislation (HR 1 or the Act). The Act will affect mergers, acquisitions and other deals and includes several areas of interest to businesses, including business tax rates, interest expense, cost recovery and immediate expensing, and industry-specific provisions that could affect valuations. Dealmakers should look at each of the areas under the Act and see what they need to do to prepare for the change in law.