Event Details

This document is a page from a legal memorandum summarizing changes brought about by the 'Tax Act' (likely the Tax Cuts and Jobs Act of 2017). It details specific changes regarding foreign subsidiary earnings, the elimination of Section 1031 exchanges for personal property (like artwork and cryptocurrency), revisions to Net Operating Loss (NOL) rules, and significant increases in Estate and Gift Tax exemptions for 2018. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a Congressional investigation production.