KPMG Reports on U.S. Tax Reform

Analysis and observations on the 2017 U.S. tax legislation

The 2017 U.S. tax law made massive changes to the taxation of individuals, businesses in all industries, multinationals, and others. Plus, it has generated hundreds, if not thousands, of pages of guidance from the Treasury and the IRS—with much more yet to come. 

 

 

This page includes KPMG reports that make the guidance on, and practical observations about, the new law easy to digest, organized into the following categories. Click the down arrows to view reports.

 

 

John P. Gimigliano

John P. Gimigliano

Principal-in-charge, Federal Tax Legislative and Regulatory Services, KPMG (US)

+1 202-533-4022

KPMG Reports on the New Tax Law

 

Tax Reform – KPMG Report on New Tax Law


February 6, 2018 | Includes analyses and observations regarding the myriad tax law changes in H.R. 1, signed into law by President Trump on December 22, 2017. The legislation includes substantial changes to the taxation of individuals, businesses in all industries, multinational enterprises, and others.

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Links for hard copy report holders

The above PDF version of KPMG's report includes links to background and resource documents. If you have a hard copy of the report, the text of these linked documents is in blue type. To access these materials, use the links below.

Page 3

TaxNewsFlash–Tax Reform

TaxNewsFlash–United States

Page 10

House GOP "Blueprint"

Unified Framework on Tax Reform

KPMG's description and analysis of the House-passed bill

Page 11

KPMG's description and analysis of the Senate-passed bill

KPMG's Conference Agreement for H.R. 1 – Initial Observations

Page 13

KPMG International, Tax Rates Online

Page 21

H.R. 1 (text of the tax bill)

Conference agreement (explanatory statement)

JCX-67-17 (JCT estimates of the budget effects of the conference agreement on H.R. 1)

JCX-69-17 (Macroeconomic Analysis of the Conference Agreement for H.R. 1)

JCX-68-17 (Distributional Effects of the Conference Agreement for H.R. 1)

Page 171

Tax Reform, Supplement to KPMG's Handbook for Income Taxes


KPMG Industry-focused and Provision-specific Reports

KPMG Insights on JCT Explanation of New Tax Law ("Bluebook")

Tax Policy & the 116th Congress

What's the tax policy outlook under the new, "divided" Congress?

More KPMG Insights on U.S. Tax Reform

Resources on the unfolding 2017 tax law implementation

KPMG's 2019 Personal Tax Planning Guide

Get valuable information about current tax laws and planning tips