News & Analysis as of

Executive Orders Tax Reform Income Taxes

McDermott Will & Schulte

IRS Roundup May 2 – May 13, 2025

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 2, 2025 – May 13, 2025. IRS GUIDANCE - May 2, 2025: The IRS issued Revenue Procedure 2025-20, providing...more

DLA Piper

US Tax and Trade Policy Developments: Potential Implications for Foreign Tax Credits, the State of the Budget Resolution, and...

DLA Piper on

Last week, President Donald Trump issued two Executive Orders (EOs) that address digital services taxes enacted by international trading partners and income taxes paid by US taxpayers to the People’s Republic of China (PRC),...more

McDermott Will & Schulte

Is a Business Tax Reform Game Plan Beginning to Take Shape?

Substantial tax reform is underway and the business community is intently awaiting details of this activity with the aim of positioning themselves to maximize opportunities and minimize any costs or risks that reform may...more

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