United States

Tax Reform – KPMG Report on New Tax Law

Tax Reform - KPMG Report on New Tax Law

New! June 14, 2018 | Tax Reform – Supplement to KPMG Report on New Tax Law – Post-Enactment Federal Guidance and Legislation

Download the report here. [PDF 599 KGB]

February 6, 2018Tax Reform – KPMG Report on New Tax Law from KPMG LLP (KPMG) includes analyses and observations regarding the myriad of 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]

For more insights from KPMG on the new tax law, visit our U.S. Tax Reform page.

Links in Tax Reform – KPMG Report on New Tax Law

The 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

Page 10

Page 11

Page 13

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 Executive Edition:
Highlights of the New Tax Law

March 5, 2018 | Read KPMG's executive edition report. Following an eight-page overview of the new law, a number of "digest summaries and considerations" are provided 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.