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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

KPMG Week in Tax: June 15 – 19, 2026
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Highlights include:

  • United States: Notice 2026-40 announces intent to issue proposed regulations regarding qualified opportunity zones (QOZs) under sections 1400-1 and 1400Z-2
  • United States: Tax Court largely denies architectural partnership R&D credits, but partner compensation held reasonable under section 174(e)
  • Singapore: New FAQ on transfer pricing treatment of stock-based compensation costs
  • Canada: Proposed extension to 2027 of temporary tariff remissions for certain steel and aluminum products

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