Trump 2.0: What US tax policy means for Australian business

Australians in New York - KPMG’s Justin Davis and Vanessa Kasbekar – set out some observations on what may lie ahead in the world of tax for Australians who have stakes in the United States.

Among United States (US) President Trump's many campaign promises, many are most interested in his vow to extend the 2017 Tax Cuts and Jobs Act (TCJA) tax cuts that passed during his first presidency. The 2017 TCJA was a cornerstone for Trump's first term and significantly reshaped the US tax landscape by reducing corporate and individual taxes, aimed at increasing growth and competitiveness for US businesses on a global scale. Some of these cuts are currently set to expire at the end of 20...

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Authors: Justin Davis, Vanessa Kasbekar

Published Date: 25 February 2025