Month: April 2017
How Trump will affect US entities for non-US residents?
What do LLCs, LLPs, S-Corps, and Partnerships have in common? They are all pass-through entities (simply: not subject to a corporate taxation). Under a new Trump tax proposal, the pass-through entities status will be revoked and will be taxed at a 15% federal tax rate. Such plan will immediately transform all LLCs in the US into a corporation, as federal corporate tax is concerned. This however is to be compensated by switching the US to a territorial tax system. First of all: at the time of writing, these proposals have not been approved nor been passed as a law yet. It ... Read more