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View all AlliancesHelping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
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Learn moreWhat is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.
Learn moreThe revenue ruling is effective for European Energy Exchange contracts entered into on or after November 1, 2024.
The IRS today released Rev. Rul. 2024-23 in which the IRS held that European Energy Exchange—a regulated exchange of Germany—is a “qualified board or exchange” within the meaning of section 1256(g)(7)(C).
The revenue ruling is effective for European Energy Exchange contracts (i.e., futures contracts and futures contract options that are traded on or subject to the rules of European Energy Exchange, that are described in section 1256(g)(1)(A), and that are not covered by the exception in section 1256(b)(2)) entered into on or after November 1, 2024.
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