Trump tax cuts News

Potential Trump Tax Loophole for Pass-Through Businesses

If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The inspiration is the tax law signed by President Donald Trump in December. The patrons are …

Chubb Records Solid Q4 and Year Despite Catastrophe Losses

Chubb had a solid last quarter of 2017 and year even though challenged by wildfire and other catastrophe costs. Fourth quarter results were enhanced by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net …

Tax Act Could Pose Challenge for Municipal Bond Market

The U.S. municipal bond market emerged bruised but not decimated by the federal tax bill that won final approval in the U.S. Congress on Wednesday , analysts said. The worst-case scenario of Congress yanking the federal tax exemption for interest …

MetLife CEO Says Businesses Must Give Up Tax Breaks for Lower Tax Rate

MetLife Inc. Chief Executive Officer Steve Kandarian said industries must be willing to forfeit some of their advantages in the tax code in order for the U.S. to seize a “once-in-a-generation” opportunity to lower corporate rates and simplify the process. …