Jul 312017

There have been substantial developments in the reform of the tax system. The President, in his latest State of the Nation Address, sought the assistance of legislators to expedite the approval of the tax reform bill. A significant amendment in this tax reform bill is the lowering of individual income tax rates and estate tax rates. While the lowering of these tax rates is greatly anticipated, I believe that there are other areas in our tax laws which must be given attention to in order to provide adequate relief to taxpayers.