KPMG's international tax reform analyzer

Modeling the potential impact of tax reform

Tom Joss

Tom Joss

Partner, International Tax, KPMG US

+1 703-286-8421
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International Tax for Asset Management

The U.S. tax law enacted in December 2017 (the 2017 Tax Act) is a gamechanger for many businesses—especially multinational organizations. On the international tax front, the 2017 Tax Act is complicated, introducing a number of new tax concepts that are layered on the existing tax system and may have a significant impact on an oragnization's global effective tax rate (ETR) and cross-border tax planning. Even the most experienced international tax practioners can become mired in the complexity when evaluating the potential impact of these rules on a company's global operations.

KPMG LLP's (KPMG) international tax reform analyzer can help.

 

Why KPMG's ITRA?

ITRA is an Excel-based tool that allows for extensive modeling of international tax rules—both those introduced by the 2017 Tax Act and existing provisions—with support from KPMG's experienced International Tax partners and professionals to help tailor modeling and assist with identifying significant planning opportunties. ITRA can help you with increased visibility into your global tax profile, the key drivers of your global ETR, and what planning can be considered to potentially improve your tax postion.

ITRA key features:

  • Powerful modeling capabilities
  • Scalability
  • Extensive scenario planning ability
  • High-impact outputs/visualizations
  • Regular updates reflecting latest technical developments.

 

ITRA also links to other KPMG tax tools, providing a broader picture of the potential impact of tax reform, including:

  • KPMG's PTEP/Repat model — helps address the complex rules associated with distributions and tracking previously taxed earnings and profits (PTEP)
  • KPMG's state and local tax reform model — helps measure the potential state and local income tax impact of tax reform by estimating and evaluating various significant provisions.

In addition, ITRA's tax compliance connector (ITRA TCC) interfaces directly with thrid-party corporate income tax complience tools. 

Clearing the Fog: Modeling Amid Uncertainty
The June 2019 issue of KPMG's CTO Insights reports that many chief tax officers (CTOs) are forging head with efforts to model the potential effects of U.S. and global tax reform, despite regulatory uncertainty. Read article on page 3 about modeling.

More about ITRA
Download brochure for more information about ITRA

U.S. Tax Reform

International Tax