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Week in Tax

A KPMG TaxNewsFlash weekly summary intended for executives who need to be informed about tax developments

This Week's Report

Week in Tax: March 31 – April 4, 2025
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Highlights include:

  • United States: 10% tariff on all countries, higher reciprocal tariffs on countries with the largest U.S. trade deficits
  • Japan: 2025 tax reform bills, including Pillar Two rules, passed by Parliament
  • UK: 2025 Finance Act enacted, includes changes to UK Pillar Two rules

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