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.

TaxNewsFlash – The Biden Tax Agenda

KPMG alerts covering the prospects for tax legislation during the Biden Administration

KPMG alerts covering the prospects for tax legislation during the Biden Administration

Catching Up on Capitol Hill podcast series

Conversations on national tax legislation and policy developments

Conversations on national tax legislation and policy developments

Tax Reform 2.0: Comparing Biden and Wyden Proposals

April 16 TaxWatch webcast compares the international tax changes in these proposals

April 16 TaxWatch webcast compares the international tax changes in these proposals

President Biden's Business Tax Proposals

Summaries of the proposals in the Build Back Better recovery plan

Summaries of the proposals in the Build Back Better recovery plan

What's Ahead for Energy Tax Incentives (updated May 3)

Potential for additional extensions and enhancements as proposals take shape

Potential for additional extensions and enhancements as proposals take shape

New Administration & 117th Congress

Tax agenda of Biden Administration and Democratic controlled Congress

Tax agenda of Biden Administration and Democratic controlled Congress

More insights

Podcasts & webcasts

 

 

Webcasts

Upcoming webcasts

Webcast replays

Podcasts

SHIELD (or Weapon?): Understanding Biden’s BEAT Repeal/Replace Plan

April 29, 2021

Catching Up on Capitol Hill Episode 12-2021 | President Biden is proposing to repeal the BEAT and to replace it with his SHIELD proposal. This change has major implications for tax reform discussions in the United States but also big implications for tax negotiations abroad. This podcast examines the many facets of BEAT repeal coupled with the development and enactment of SHIELD. [25:19]

Tax Reform Rewind: The White House and The White Paper

April 13, 2021

KPMG Inside International Tax podcast | President Biden has issued his “Made in America Tax Plan” and Senator Wyden his “Overhauling International Taxation” whitepaper. Both proposals contemplate significant changes to the GILTI, FDII, and BEAT regimes. This podcast explores what another major revision to the U.S. international tax system may mean to taxpayers. [26:13]

The Other Side: Biden’s American Jobs Plan

April 16, 2021

Catching Up on Capitol Hill Episode 11-2021 | This podcast discusses the other side of the president’s Build Back Better equation, the $2.7 trillion American Jobs Plan, exploring the spending and tax items in the proposal and how they interact with the tax increases Biden has proposed in the Made in America Tax Plan. [23:51]

 

 

 

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