US Tax Reform / All

KPMG podcast on the potential business impacts and decisions needed.

On 16 August 2022, President Biden signed into law H.R. 5376 (commonly referred to as the “Inflation Reduction Act of 2022”) – the budget reconciliation legislation that includes significant law changes related to tax, climate change, energy, and health care.

Podcast breaks down what components of the Biden tax plan were included in the Inflation Reduction Act and considers possible future legislation.

This KPMG LLP webcast held on 9 September 2022 explores the complicated CAMT legislative language and outlines the potential implications that in-scope companies should be considering while awaiting regulatory guidance.

The space between two pillars. Pillars One and Two attempt to restabilize a system that is increasingly difficult for taxpayers to manage.

In this episode, our KPMG panel discuss how the Democrats pulled off the Inflation Reduction Act, as well as some early observations regarding the potential application of the AMT provision.

The bill now will be enrolled and sent to the president for signature.

The House is expected to consider the legislation on August 12, 2022.

U.S. Senate passed the budget reconciliation legislation, H.R. 5376.