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The Real Deal on Tax and Transactions

Mar 26, 2018
From the KPMG TaxWatch

An inside look at tax’s role in transactions

Most business leaders recognize that tax issues matter to the ultimate success of transactions. But knowledge does not always translate into action. So what is the real deal? To what extent do companies really account for the tax implications of transactions? Does the tax function truly play a strategic role from planning to integration?

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To find out, KPMG surveyed senior-level tax and finance professionals about how tax plays into the M&A space. The data revealed some intriguing findings:

  • In deals, tax issues matter more today than three years ago. In 97 percent of companies, the tax issues of deals have stayed the same or increased in importance compared to three years ago.
  • Tax issues are typically considered at the outset of transactions. Seventy-two percent of companies consider tax issues from the very outset of the deal process.
  • Tax team’s role in transactions is rarely formalized. When a transaction is being considered, only 28 percent of companies have a formal protocol for aligning the tax function with other functions.

We invite you to read our new survey report to dive deeper into the data and uncover KPMG’s insights on how corporate leaders can more effectively leverage the tax team as they evaluate, plan, and execute deals.

Key Findings

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More Resources

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For more about the Complex Transactions Group, visit KPMG's CTG page.

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For more on M&A Tax, visit KPMG's M&A Tax page.

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For more information, visit KPMG's Deal Advisory page.

Contact Us

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Devon Bodoh

U.S. and Global Leader, Complex Transactions Group for Tax, KPMG LLP

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Phil Cioffi

U.S. National Leader, M&A Tax, KPMG LLP

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