This Week's Report

KPMG Week in Tax: 18 – 22 March 2024
 

Highlights include:

  • United States: The IRS released Notice 2024-30 which expands certain rules for determining what constitutes an energy community for the production and investment tax credits.
  • Australia: Treasury released for consultation draft legislation implementing key aspects of the OECD’s Pillar Two global minimum tax rules.
  • Finland: The bill implementing the EU Minimum Tax Directive into Finnish domestic legislation was approved on 28 December 2023.

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.