The Tax Cuts & Jobs Act passed this week by Congress impacts domestic oil and gas space (energy companies, private equity investors, investment bankers, and lenders) significantly. This articles examples rates under the new qualified trade or business deduction, 100 percent bonus depreciation, the corporate AMT, and end of year tax planning. In addition, some joint venture agreements need amending to avoid the unenviable situation of having to get a counterparty’s consent to a transfer for what will become an unnecessary transfer restriction . . .
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