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.