U.S tax reform legislation | KPMG | GLOBAL

KPMG reports—Initial analysis, observations of tax reform bills

U.S. House tax reform bill, Senate Finance's bill

KPMG analysis and observations on tax reform legislation in 2017

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U.S. tax reform legislation

House bill

The U.S. House of Representatives on November 16, 2017, passed a tax reform bill, H.R. 1, the “Tax Cuts and Jobs Act.” The bill was approved by a vote of 227 to 205.

Read KPMG's analysis and observations on H.R. 1: House Republican tax reform bill – Initial observations on House-passed bill [PDF 1.8 MB]

 

Senate Finance Committee bill

The Senate Finance Committee on November 16, 2017, approved its version of tax reform legislation (the “Tax Cuts and Jobs Act”) by a party-line vote of 14 to 12. Senate procedures require that the bill now move to the Senate Budget Committee, followed by consideration by the full Senate. 

Read KPMG's initial analysis and observations about the Senate Finance Committee bill: Senate tax reform bill—Initial observations on Finance Committee bill [PDF 1.3 MB]

 

 

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