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Tax Policy Trifecta: The Impending Tax Cliff of 2025
April 11, 2025 @ 2:00 pm – 3:00 pm EDT
Webcast overview
KPMG LLP invites you to a 60-minute webcast that will explore the current tax legislative and policy landscape as a part of our continuing coverage of the Tax Policy Trifecta. During this webcast, professionals from the KPMG Washington National Tax office will discuss the following key topics:
- A timeline of where we are in the US legislative process and what comes next
- How the budget reconciliation process will impact the shape and scope of a tax bill later this year
- Whether Congress will pay for the legislation and if so, how
- Whether any tax law changes will be permanent or temporary (and if so, for how long)?
Background: The Tax Policy Trifecta of 2025
Tax executives are facing three significant disruptors coming together at the same time – the expiration of certain Tax Cuts and Jobs Act (TCJA) provisions, the implementation of the OECD’s global tax deal, and ongoing regulatory and executive action changes. The challenges and opportunities from these three disrupters, what KPMG is referring to as the ‘Tax Policy Trifecta’ are happening at the same time as a technology revolution with advanced tools like GenAI playing a role in how organizations can respond to change.
As we advance through 2025 and draw closer to the expiration of certain TCJA provisions, understanding the current tax policy landscape is a significant priority for tax executives who need to stay ahead of potential changes and assess what the impact could be on their organizations.
