Ernst & Young LLP comments on US Senate tax reform vote
Washington, 2 December 2017
Michael Mundaca, Ernst & Young LLP’s National Tax Department Co-Director and former Assistant Secretary for Tax Policy at the US Treasury Department, comments on today’s Senate vote on tax reform:
“This vote signals we are entering the final stages of enacting tax reform and, in addition, it provides the necessary space for Congress to address the budget and avoid a possible government shutdown in the next few days. While the budget negotiations will now move to the fore, work will continue to get a tax reform bill to the President before year end. If you haven’t been paying much attention to this, you need to do so now. Everyone should understand the possible impact of tax reform and companies should consider the financial statement implications.”
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US.