On Wednesday, May 14, 2025, the U.S. House of Representatives’ Ways and Means Committee approved (by a vote of 26-19 along party lines) the tax title for the “One Big Beautiful” bill (“the bill”).1 In addition to containing provisions that would extend (or make permanent) certain tax provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) scheduled to expire at the end of the 2025 tax year, the bill includes a number of non-TCJA items that have the potential to impact global mobility programs if enacted into law.
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Fuente: KPMG