Corporations enter 2026 with firmer tax runway

Core Insights - The tax outlook for U.S. corporations is more stable than in previous years, allowing tax departments to develop multi-year strategies confidently starting in 2026 [1][5] Group 1: Tax Legislation Impact - The One Big Beautiful Bill Act (OBBBA) and the 2017 Tax Cuts and Jobs Act have established a stable tax regime for large multinational companies, reducing uncertainty in tax planning [2] - The OBBBA made many temporary changes from the 2017 tax law permanent, providing greater stability in tax rules for corporations [6] Group 2: Strategic Opportunities - Companies that have been hesitant to restructure or consider the U.S. as a jurisdiction for restructuring are encouraged to act now, as the current tax environment is favorable [2][3] - The established corporate income tax rate of 21% allows companies to plan long-term tax strategies without the concern of potential rate increases [6][7] Group 3: Industry-Specific Changes - Certain industries, particularly hospitality and tip-oriented sectors, face challenges due to new payroll reporting changes introduced by the "no tax on tips" provision [4]