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On 22 December 2017, President Trump signed into law new tax legislation commonly referred to as the Tax Cuts and Jobs Act (the Act). In our alert, we explore the Act and how it will directly influence hedge fund companies. Some of the topics covered include:

  • Extended holding period for carried interest
  • 20% business deduction with respect to pass through entities
  • Interest expense deductions
  • Dispositions by foreign persons of interests in partnerships that conduct a US trade or business
  • Corporate income tax rate reduction
  • Revision to rules to determine controlled foreign corporation status

Please download the alert to read the full report. For additional information please contact the authors of this Client Alert or any member of Baker McKenzie's North America Tax Practice Group or Funds Practice Group

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