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04 December 2025

How tax changes in OBBBA impact the business sector and key industries

The "One Big Beautiful Bill Act" (OBBBA) is one of the most significant tax reforms in recent years, combining extensions of the Tax Cuts and Jobs Act with new provisions that impact nearly every industry. With an estimated $4.5t in net tax reductions, including $1.8t for businesses, this legislation introduces sweeping changes that executives, CFOs, and tax professionals cannot afford to ignore. This analysis, originally published in Tax Notes, breaks down the numbers, compares current-law and current-policy baselines, and highlights which industries and organizational forms benefit most. Learn more in this EY article. 

Document ID: 2025-2424

 

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