On 22 December 2017, U.S. President Donald Trump signed into law one of the most significant overhaul of the U.S. tax code in 30 years. This new tax law will have a significant impact on U.S. taxpayers as well as U.S. inbound and outbound investments. While most of the changes came into effect on 1 January 2018, there are some changes that will impact U.S. taxpayers with outbound investments for the 2017 assessment period. There are also questions whether such a major tax revamp will have the desired effect of making the U.S. more attractive and competitive in the global marketplace.
Given such a development in the world's largest economy, the Chamber's Americas and Taxation Committees are pleased to have invited from Deloitte China, Mr Patrick Yip, Deputy Tax Managing Partner; Sharon Lam and Candy Chan, Tax Partners, to discuss some of the major changes and issues related to the U.S.'s tax reform at a lunchtime seminar on 12 March. The talk will cover such topics as the background, key provisions and major changes to the tax reform exercise, as well as implications to businesses and individuals.