KPMG in late 2016 released a report that provided a high-level overview in a “frequently asked question” (FAQ) format about the tax reform process. The report also explained steps that businesses may want to consider in preparing for the possibility of tax reform. KPMG has substantially updated the FAQs about the tax reform process to reflect recent developments, given that some of the material in the 2016 version of the FAQs has been superseded by more recent developments. The new version takes into account developments through June 21, 2017.
This new report provides a high-level overview—in question and answer format—of what to expect regarding tax reform. Questions addressed in the report include:
Read a June 2017 report [PDF 1.2 MB] prepared by KPMG LLP: Understanding the Tax Reform Process: FAQs (Updated for What’s Happened Lately)
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