Unpacked

How the new tax bill encourages tax avoidance

THE ISSUE: House and Senate Republicans are working on a tax bill that will overhaul several parts of the U.S. tax code. By introducing new complexities to the tax code, the new bill creates tax sheltering opportunities for many Americans, especially the wealthy and those with good financial advisers.

The most sophisticated tax payers and the highest income tax payers will have a multiplicity of choices about how to structure their income and businesses in order to reduce taxes the most.

THE THINGS YOU NEED TO KNOW:

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