Comprehensive Tax Reform Provides a Foundation for Growth
Paper and wood product manufacturers commend Congress and the administration for adopting comprehensive tax reform.
Central to the new tax system is:
- A low corporate tax rate,
- Support for investment in U.S. manufacturing and its global supply chain, and
- An international tax system that reflects a globally competitive territorial tax system.
As the Internal Revenue Service and Department of Treasury begins implementation of tax reform, AF&PA will focus on rules related to expensing of capital equipment, interest expense, research and development and international tax policies.