In a series of articles by BDO’s London-based Private Client US Tax Advisory team, it considers the recent US Tax reform through the eyes of the American abroad. In this third instalment, BDO tax partner Mark Walters looks at the US entrepreneur and wealth creator abroad.
The US tax reforms signed into effect by President Trump in December 2017 were the most significant in a generation and were lauded by the President as the ‘biggest tax cut in history’. President Trump also boasted that the reforms would make the tax system so simple that the average American could file their tax return on a postcard.
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