Companies Weigh Their Weaknesses to Model 2025 Tax Cliff Impact

Corporations are essentially cramming for a test, reviewing tax proposals that could gain new life during a looming heated debate over the 2017 GOP tax cuts expiring at the end of next year.

Lawmakers are already haggling over tax policy beyond the law, allowing companies to model how different plans may affect them no matter who comes out on top in November, said Jennifer Acuña, a KPMG LLP principal in the federal legislative and regulatory services group and a former Hill tax staffer for Republicans.

“We don’t know who’s going to win the election, but what clients have at their ...