Event details:
HKPEFA and KPMG cordially invite you to join the IRS Update and Key Tax Developments in the U.S. on Tuesday, 4 November 2025. It is an insightful, one-hour session exploring the latest development and significant implications of recent US tax legislations on the financial regulatory landscape.
The ever-increasing complexity of the US tax regulatory environment poses significant challenges for Asia asset managers with US investors or investing the US. The passing of One Big Beautiful Bill (OB3) by Trump Administration has altered both the domestic and international tax provisions of the Internal Revenue Code. In addition, the Internal Revenue Service (“IRS”) operation is facing operational strain due to budget cuts. Lastly, the burdensome US tax reporting rules for Hong Kong-based funds with US investments and investors remain a critical compliance focus. The session will feature a keynote from former IRS commissioner Doug O’Donnell, joining us online to offer a perspective on the current IRS status update.
- Current State of the IRS
- Introduction to One Big Beautiful Bill (OB3)
- Overview of US Tax Compliance for Foreign Partnerships
KPMG will join with HKPEFA to discuss these US tax issues and updates applicable to the asset management industry in Hong Kong (SAR).
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