While the drive by Republicans in Congress and President Donald Trump to make fundamental changes to the U.S. tax code creates substantial uncertainty, boards are faced with the ongoing need to make significant longterm capital allocation decisions. While no director can predict the timing and terms of tax reform, directors would be well served to understand tax reform’s range of implications for M&A or capital markets decisions. To read the article written by Mark Gerstein, partner, Latham & Watkins, please click here