The Inquirer hosted a tax panel featuring La Colombe Coffee entrepreneur Todd Carmichael and a host of state and local taxation experts, including Saba Ashraf, Co-Practice Leader of Ballard Spahr's Tax Group.

The most significant change in America's new tax law is the corporate rate's being cut to 21 percent, "the lowest tax rate since 1919. Corporate rates haven't been this low since then, and the corporate rates are now significantly lower than individual tax rates," said Ashraf. She makes the point that "the corporate tax cut rate is permanent, unlike the individual tax cuts, which expire in 2025."

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