NEW YORK, Dec. 15, 2017 /PRNewswire/ -- KPMG LLP, the
audit, tax and advisory firm, offered the following perspective in
response to today's release by the U.S. Congress of an approved tax
reform bill:
"With this evening's release of an approved bill from tax reform
conference committee, the rewrite of the U.S. tax code moves one
step closer to reality," said John
Gimigliano, Partner-in-Charge of Federal Tax Legislative and
Regulatory Services, at KPMG. "Congressional Republicans have
successfully cleared every legislative and procedural hurdle to
date, and there's no reason to expect that the final votes next
week by the House and Senate will hold them back from delivering
something to the President very soon."
"Companies will have to move quickly to incorporate the vast
changes in the tax code into their fourth-quarter and year-end
financial statements," said Jeffrey C.
LeSage, Americas Vice Chairman – Tax, at
KPMG.
For more updates on tax reform, follow @johngimigliano and
@jefflesage on Twitter.
About KPMG LLP
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.
Contact:
Deborah
Primiano/Robert Nihen
KPMG LLP
201-307-8495/201-307-8296
dprimiano@kpmg.com / rnihen@kpmg.com
On Twitter: @PrimianoDeborah / @rgnihen
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SOURCE KPMG LLP