On 27 September 2017, the Trump administration published the U.S. tax reform framework, the Unified Framework for Fixing Our Broken Tax Code. The business-related tax measures are generally as expected and include: A reduction in the corporate tax rate to 20%; The introduction of a 25% top tax rate for business income of pass-through entities (sole proprietorships, partnerships, and S corporations); The immediate expensing of the cost of new investments in depreciable assets other than structures made after 27 September 2017 for a period of at least five years; The introduction of partial limits on the deduction of net interest...