KPMG has issued a detailed report, “Understanding the Tax Reform Process: FAQ,” with a high-level overview on the U.S. tax reform outlook and steps for businesses to consider for a possible tax overhaul. The report – in question/answer format – can be accessed at: https://home.kpmg.com/content/dam/kpmg/xx/pdf/2016/12/tnf-faq-on-tax-reform-final.pdf.
Jeffrey C. LeSage, Vice Chairman – Tax at KPMG, said: “There could be lots of twists and turns ahead in the post-election political landscape, but for the first time in 30 years the prospects for substantive tax reform seem better than ever. Business leaders need to pay close attention and make their voices heard now.”
“While nothing is ever certain when it comes to tax reform, it seems we’re likely to see more interest, debate, and action on this issue in 2017 than we’ve seen since the Tax Reform Act of 1986,” added John Gimigliano, principal-in-charge of the Federal Legislative & Regulatory Services group in the Washington National Tax practice of KPMG.
For more on KPMG’s perspective on tax reform, visit “Outlook for U.S. Tax Reform” on the KPMG Institutes website, where companies can find numerous resources to help them stay abreast of tax reform developments.
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 189,000 professionals, including more than 9,000 partners, in 152 countries.
Ann Marie Gorden