On December 22 President Donald Trump signed HR 1 (the Conference Agreement), a far-reaching bill that affects the energy sector. (For prior coverage, see PwC Insight, ‘Tax reform proposals could significantly impact energy companies,’ November 13, 2017.)
This PwC Insight summarizes select business and international tax provisions in the Conference Agreement on tax reform legislation.
The Conference Agreement on tax reform legislation includes numerous provisions of potential importance to companies in the energy sector. Taxpayers in the sector should study these provisions carefully, especially those with immediate effect, and consider both the opportunities and negative effects this far-reaching legislation could present. Some provisions may require taxpayers to take action quickly and to consider how best to structure their operations going forward.
Energy, Utilities and Mining Tax Leader, PwC US
Tel: +1 (713) 356 5556