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The 2017 Tax Act was a game changer for many businesses—especially for multinational organizations as new tax concepts were layered on the existing tax system and had a significant impact on an organization's effective tax rate. Today, the landscape may become even more complicated with the enactment of the "Inflation Reduction Act of 2002" and potential adoption of other Biden administration tax proposals. Even the most experienced international tax practitioners can become mired in the complexity when evaluating the potential impact of these rules on a company's global operations.
KPMG international tax reform analyzer (ITRA) is an Excel-based tool that allows for extensive modeling of international tax rules with support from experienced International Tax professionals to help tailor modeling and identify significant planning opportunities. ITRA can help you with increased visibility into your global tax profile, the key drivers of your global effective tax rate, and what planning can be considered to potentially improve your tax position.
ITRA key features:
Latest ITRA Update:
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ITRA-related tools
ITRA also links to other KPMG tax tools, providing a broader picture of the potential impact of tax reform, including: