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: November 17 – 21, 2025
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Highlights include:

  • United States: Guidance on 1% excise tax on repurchases of corporate stock
  • United States: Guidance for individual taxpayers on deductions for qualified tips and overtime
  • Portugal: Reduction in corporate income tax rates from 20% to 17%
  • Cayman Islands: New country-by-country (CbC) reporting portal launched, re-registration required

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