Buckle up your seatbelts: why 2025 will be a bumpy ride for US tax policy

The November election in the United States is thankfully behind us and for the first time in 136 years and for only the second time in American history a former president – Republican Donald Trump – has been returned to office. In addition to winning the Presidency the Republican Party retained a majority of the 435 seats in the House of Representatives (the election resulted in 220 Republicans winning their races while the Democrats won the other 215 seats) and regained control of the Senate (53 seats for the Republicans to 47 for the Democrats). Because the Republicans will now control both the Presidency and the Congress...