Deloitte Responds to Congress' Joint Statement on Tax Reform

WASHINGTON, July 27, 2017 /PRNewswire/ -- Deloitte's Tax Policy Leader Jon Traub, principal, Deloitte Tax LLP, offered the following statement in response to today's joint statement from Congress on tax reform:

"Today's announcement of a unified commitment to tax reform is a strong signal from leaders in Congress and the administration of their shared desire to enact long-awaited tax reform.  The hard work will resume in September as the tax-writing committees in Congress attempt to address the myriad complexities presented by tax reform, which were just hinted at in today's release.

"Taxpayers may be left wondering how to react to today's statement. In this uncertain legislative environment, companies can use the time to do some situational modeling that weighs proposals against one another, scenario plan, and create customized alternatives in order to analyze the effects of the various tax reform proposals on the table."

About Deloitte Tax LLP
Deloitte Tax helps clients lead the transformation of the tax function into a strategic partner that supports growth and sustained profitability within an organization. With deep experience across a broad range of services and industries, Deloitte Tax has more than 10,000 trusted advisors who combine their knowledge of tax technical resources and technology to uncover insights and smarter solutions for clients in today's complex global and regulatory environment. For more information visit http://www.deloitte.com/us/tax. Join us on twitter @DeloitteTax.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including 80 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.

Contact

Melissa Curtis
Public Relations
Deloitte Services LP
+1 617 437 2156
mecurtis@deloitte.com

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SOURCE Deloitte Tax LLP