KPMG Reports on U.S. Tax Reform

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

The legislation includes substantial changes to the taxation of individuals, businesses in all industries, multinational enterprises, and others.

John Gimigliano

John Gimigliano

Principal, Tax, KPMG LLP

+1 202 533 4022

Tax Reform — Supplement to KPMG Report on New Tax Law

October 19, 2018 | Summarizes and provides insights on guidance issued with respect to the 2017 Tax Law through October 12, 2018, supplementing the KPMG Report on the New Tax Law (February 6, 2018) 

Download the report here (PDF 895 KB)

 

KPMG Report: Issues and Analysis of Section 965 Proposed Regulations

August 10, 2018 | Examines the framework of the proposed regulations and the significant issues answered and raised by these regulations.

Download the report here (PDF 250 KB)

 

Tax Reform Executive Edition: Highlights of the New Tax Law

March 5, 2018 | Following an eight-page overview of the new law, provides "digest summaries and considerations" for the the following areas:

  • Key tax changes to taxation of individuals
  • General considerations for business taxpayers
  • Considerations related to accounting methods, deductible items, and other items
  • Compensation-related considerations
  • Considerations for passthrough entities
  • Coniderations for multinational businesses
  • State and local tax considerations.

Download the report here (PDF 1.1 MB)

 

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.

Download the report here (PDF 6.4 MB)

Links in the report:

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

Industry-focused and provision-specific reports

More on Tax Reform from KPMG

 

For an archive of articles, reports, and videos from KPMG professionals, starting after the signing of the new tax law by President Trumpt on December 22, 2017—
 

Visit KPMG's Collection of insights on the 2017 Tax Act