2021 Federal Tax Legislation

Democrats' control of the White House and narrow control of Congress give them an opportunity to pass significant tax legislation in 2021. You'll find resources on this page to help you follow the direction of tax developments in Washington and stay informed about potentially significant changes to the U.S. tax landscape.

Global Energy Institute – Reconciliation Bill

Tax Provisions – Implications for the Energy and Chemicals Industry

Tax Provisions – Implications for the Energy and Chemicals Industry

TaxWatch Webcast – Focus on International Tax

W&M Chairman's Mark, possible significant impact on the U.S. international tax regime

W&M Chairman's Mark, possible significant impact on the U.S. international tax regime

"Build Back Better Act" Tax Proposals

Summary and analysis of legislative tax proposals approved by Ways and Means

Summary and analysis of legislative tax proposals approved by Ways and Means

Wyden Passthroughs Tax Reform Discussion Draft

Summary and analysis of discussion draft to reform taxation of passthrough entities

Summary and analysis of discussion draft to reform taxation of passthrough entities

Catching Up on Capitol Hill podcast series

Conversations on national tax legislation and policy developments

Conversations on national tax legislation and policy developments

TaxNewsFlash – U.S. Legislative Updates

KPMG alerts about U.S. legislative developments with tax impact

KPMG alerts about U.S. legislative developments with tax impact


Bad Haircuts? Evaluating Policy Choices Under Biden's International Tax Proposals
September 20, 2021 | In this article, the author considers the policy considerations for limitations in the taxation of controlled foreign corporations in the Biden administration’s recent proposals to change the global intangible low-taxed income and foreign tax credit rules. | Tax Notes International

More insights

Green Book: Observations & Insights

On May 28, 2021, the Biden Administration transmitted to Congress its budget recommendations for fiscal year 2022, and the U.S. Treasury Department released the “Green Book”—a 114-page explanation of the tax proposals in the budget. The Green Book outlines the Administration’s proposals in greater detail than seen before, including information on effective dates, revenue estimates, and design choices.

Podcasts & webcasts

 

 

Washington Wednesdays – KPMG TaxWatch and other related webcasts

Upcoming and on-demand events

KPMG TaxRadio podcasts

 

 

 

How KPMG can help

KPMG is ready to help your organization stay abreast of tax legislative developments and navigate another rounds of potential major U.S. tax reform with a broad range of tax services.

KPMG Tax Services

KPMG international tax reform analyzer