KPMG article: Impact of deregulatory actions on tax guidance

How deregulatory actions may affect taxpayers and what taxpayers can do to respond

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April 24, 2025

Deregulation is a top priority for the Trump Administration, as evidenced by President Trump’s day-one memorandum calling for a regulatory freeze and a continuous series of presidential actions thereafter.

While the deregulatory executive orders are not specifically tax-focused, tax regulations (and other tax rules) have been and will be affected. Most of the directives affect all agencies, and Treasury appears to be both complying with and supporting the Trump Administration’s deregulatory efforts.

Read an April 2025 article* prepared by KPMG LLP tax professionals that discusses how the deregulatory actions may affect taxpayers and what taxpayers can do to respond.

*Reproduced with permission from Tax Management Memorandum. Copyright ® 2025 by Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com

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