“Tax Cuts and Jobs Act” (TCJA)
Read KPMG's analysis and observations, as well as industry or sector-specific reports about provisions in the TCJA
Questions? Send an email.
Recent Articles (2023)
2022 Articles
Jun 14 - KPMG report: Post-TCJA interplay between NOLs and charitable deductions
Jun 7 - Ninth Circuit: Mandatory repatriation tax under section 965 is constitutional
Jan 5 - KPMG report: Initial analysis of final regulations concerning foreign tax credit
Jan 4 - IRS practice unit: Overview of section 245A dividends received deduction
2021 Articles
Dec 28 - Final regulations: Foreign tax credit and clarifying FDII (text of regulations)
Dec 22 - KPMG report: R&E changes from TCJA effective for tax years beginning after December 31, 2021
Dec 13 - Final regulations on foreign tax credit, clarification of FDII; OIRA review completed
Nov 29 - Final regulations pending OIRA review: Foreign tax credit, clarification of FDII
Jun 18 - IRS practice unit: Concepts of GILTI
May 14 - Announcement 2021-10: Qualified opportunity zone boundaries not affected by 2020 census
May 11 - Rev. Proc. 2021-26: CFCs changing methods of accounting to alternative depreciation system
Read archived articles [PDF 339 KB] of TaxNewsFlash-Tax Reform (TCJA)
Tax reform proposals
- December 2017: Conference agreement for H.R. 1, Tax Cuts and Jobs Act—Initial observations [PDF 1 MB]
- December 2017: Senate tax reform bill—Initial observations on Senate-passed bill [PDF 1.45 MB]
- November 2017: House Republican tax reform bill—initial observations on Chairman Brady's mark [PDF 1.7 MB]
- September 2017: Unified framework for comprehensive tax reform—initial observations [PDF 1.0 MB]
- September 2015 (KPMG reports): International tax, patent boxes, and tax reform [PDF 3.62 MB]
- 2014: Tax reform proposals of W&M chairman [PDF 2.92 MB] (2014 "Camp report")
Read more
>> Read more on TCJA: 2017 Tax Law
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Read industry or sector-specific reports about provisions in the new tax law:
- KPMG report: Tax reform: Provisions relevant to compensation, benefits, & qualified plans [PDF 637 KB]
- KPMG report: New tax law: International provisions and observations [PDF 473 KB]
- KPMG report: Tax reform and the potential impacts to the banking industry [PDF 1.4 MB]
- KPMG report: Tax reform: Issues for exempt organizations (Pub. L. 115-97) [PDF 316 KB]
- KPMG report: New tax law: Energy & natural resources - Key provisions [PDF 1.8 MB]
- KPMG report: New tax law: Issues for partnerships, S corporations, and their owners [PDF 589 KB]
- KPMG report: Power and utilities industry measures in new tax law [PDF 944 KB]
- KPMG report: Tax reform, accounting for income taxes [PDF 1.3 MB]
- KPMG report: Accounting for U.S. tax reform under IFRS [PDF 511 KB]
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