Big Law tax practice leaders expect an even busier year for tax lawyers in 2021, with corporate clients still working through the sweeping changes from the Trump administration’s 2017 tax reform legislation.Credit: Roberto Jiménez/ALM; Shutterstock.com
What’s more, the economic impact of the COVID-19 pandemic is forcing cash-strapped states to seek new revenue sources, including tax increases, while federal and state tax authorities are stepping up enforcement. That will mean more work for corporate tax lawyers, whether they handle tax planning, controversy and litigation, or merger and acquisition deals.
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