Also published in Windham Brannon:
Tax Planning with Certainty? More Art Than Science.
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How Proposed Tax Reform May Change International Tax Planning

Windham Brannon

In all my years of practice in public and private accounting, I have never known a U.S. corporate tax structure much different than what we have today. Yes, there have been changes throughout the years, but there has not been fundamental corporate tax reform since President Reagan signed the Tax Reform Act of 1986 on the South Lawn of the White House on Oct. 22, 1986. Among its many changes, the 1986 Act lowered the top corporate tax rate from 46 percent to 34 percent. In 1993, that top rate was raised to 35 percent where it has remained ...