A provision of the December tax reform bill subjects foreign LPs to tax on gains from the sale of partnership interests, codifying an IRS position established nearly 30 years ago.
RSM’s chief economist talks about the impact of tariffs on U.S. middle-market businesses, his recent trip to China, and the latest RSM US Middle Market Business Index.
A look at key provisions of the spending bill that the Senate passed Thursday night, the future of the Volcker rule, and escalating trade tensions with China.