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: March 24 – 28, 2025

Highlights include:

  • United States: Implementation of 25% tariffs on automobile imports; potential 25% tariff on goods from any country importing Venezuelan oil
  • United States: Senate passes joint resolution overturning digital asset information reporting regulations
  • Australia: New laws amend luxury car tax, deny deductions for interest charges on tax debts, reduce individual income tax rates
  • Iceland: Transfer pricing adjustment and penalty upheld (Reykjavik District Court decision)

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