New Tax Bill Could Dramatically Impact Private Equity Funds and Public Companies

On November 2, 2017, House Republicans published their highly anticipated tax reform bill (as amended through November 6, the "House Proposal"). The House Proposal, if enacted, would represent the most significant revision of the Code since the Tax Reform Act of 1986, and could dramatically impact current market practices for raising investment capital, organizing business operations, structuring and financing M&A transactions, and compensating service providers. The House Proposal can be expected to change significantly as the process moves forward.