Companies wait and wonder as tax reform takes a back seat

01/31/2012 |

Companies are unlikely to see major tax changes until after the 2012 elections, tax professionals say. In 2013, Congress could act to reduce the corporate tax rate and eliminate penalties on overseas profits, tax experts predict. At the same time, tax rates are likely to go up for pass-through entities, and that will affect many small and midsized businesses, one expert warns.

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