United States – President Trump signs Tax Cuts and Jobs Act into Law

US–President Trump signs Tax Cuts and Jobs Act into Law

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (TCJA) into law.

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On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (TCJA) into law.  The TCJA represents the most comprehensive reform to the U.S. tax code in over thirty years and takes effect January 1, 2018.

WHY THIS MATTERS

The TCJA will have an immediate impact on an assignee’s U.S. tax obligations come 2018, and is likely to affect the overall cost of international assignments.  

For in-depth analysis of the provisions most likely to affect assignees and global mobility programs, see GMS Flash Alert 2017-185: Tax Reform Conference Agreement Unveiled.   

For in-depth analysis of the entire law, see KPMG LLP’s Conference Agreement for H.R. 1 – Initial Observations (PDF 1.05 MB)

The above information is not intended to be "written advice concerning one or more Federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230 as the content of this document is issued for general informational purposes only.

The information contained in this newsletter was submitted by the KPMG International member firm in United States.

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


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GMS Flash Alert is a Global Mobility Services publication of the KPMG LLP Washington National Tax practice. 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.

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