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.
KPMG Reports on the 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.
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.
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)
KPMG Industry-focused and Provision-specific Reports
KPMG Insights on JCT Explanation of New Tax Law ("Bluebook")