TCJA: KPMG Report on 2017 Tax Act

Analysis and observations on the implementation of the 2017 U.S. tax law, February 6, 2018

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

KPMG Report on the 2017 Tax Law Enacted December 22, 2017

February 6, 2018

Includes analyses and observations regarding the myriad tax law changes in the 2017 tax law, commonly referred to as the Tax Cuts ad Jobs Act (or TCJA). The legislation includes substantial changes to the taxation of individuals, businesses in all industries, multinational enterprises, and others.

Links for hard copy holders of the above 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

Unified Framework on Tax Reform

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)