United States

Tax Reform – KPMG Reports on New Tax Law

Tax Reform - KPMG Reports on New Tax Law

New! August 10, 2018 | Read Issues and Analysis of Section 965 Proposed Regulations examines the framework of the proposed regulations and the significant issues answered and raised by these regulations. Download the KPMG LLP (KPMG) report here. [PDF 250 KB]

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

Supplement to KPMG Report on New Tax Law –
Post-Enactment Federal Guidance and Legislation

June 14, 2018 Tax Reform – Supplement to KPMG Report on New Tax Law – Post-Enactment Federal Guidance and Legislation: This report serves as a supplement to the KPMG Report below and summarizes post-enactment date federal administrative guidadance and enacted legislation with respect to provisions of the new law. Download the report here. [PDF 599 KGB]

Tax Reform – KPMG Report on New Tax Law

February 6, 2018 |Tax Reform – KPMG Report on New Tax Law includes analyses and observations regarding the myriad 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]

Links in the 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

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.
white-house-tnf