I spoke to Laura Davison from Bloomberg BNA about the international provisions in the GOP tax plan and the broader need for an orderly transition to the new system:
Another central focus among companies is how to transition to a new system, Liam Donovan, a lobbyist at Bracewell LLP, told Bloomberg Tax.
“If that’s what we are going to do, how are we going to get from A to C? What’s the in-between step?” Donovan asked. “Those decisions need to be made based on current law,” he said. “How do we grandfather things to not create disruption and uncertainty?”
Read the full piece here.