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Congress has given final approval to the House and Senate conference committee agreement on tax reform legislation (HR 1) that will lower business and individual tax rates, modernise US international tax rules, and provide the most significant overhaul of the US tax code in more than 30 years.

In this video, Janice Mays and Rohit Kumar of PwC's Tax Policy Services caution against getting caught up in the rumour mill and what forces are pushing and pulling for signing the tax bill into law before the holidays. 

More detail can be found in the attached PwC Tax Insights newsalert.