Jnet Client Newsletter 

Jnet is the bilingual newsletter of KPMG's U.S. Japanese Practice. Published since 1997, Jnet is issued quarterly to update you on audit, accounting, tax, and other business issues relevant to Japanese companies operating in the United States. 


Current Issue - Issue 4, 2015 



U.S. CEO Outlook 2015: The Growth Imperative in a More Competitive Environment

For U.S. CEOs in a variety of industries, the next three years will be challenging, exhilarating, and, more than likely, defining. Last year, KPMG found U.S. CEOs upbeat about the three-year prospects for their companies. This year, two-thirds maintain that positive viewpoint or are even more optimistic about the road ahead.



U.S.: Explanation of New APA Guidance

The IRS on 12 August 2015 released a revenue procedure—Rev. Proc. 2015-41—providing guidance and updated procedures regarding advance pricing agreements (APAs). Rev. Proc. 2015-41 addresses the process of how to request and obtain an APA from the IRS’s Advance Pricing and Mutual Agreement (APMA) program and with respect to the administration of executed APAs.


Rev. Proc. 2015-41 [PDF 241 KB] updates and supersedes Rev. Proc. 2006-9, as modified by Rev. Proc. 2008-31 (which is also superseded).



Technology Industry Outlook Survey June 2015: A Tale of Two Disruptions: Tech Innovation and Cybersecurity

The 2015 Technology Industry Outlook, now in its seventh year, reflects the perspectives from 111 U.S.-based technology executives. The publication highlights key tech industry trends including geographic expansion plans, emerging technology revenue streams, investment priorities, and risks to company growth.



Data and Analytics: A New Driver of Performance and Valuation

KPMG has been pleased to collaborate with Institutional Investor Research on this landmark study regarding the use of data and analytics (D&A).


Developments in D&A—including those in technology, communications, and real-time analytics—have continued to transform consumer behavior and to disrupt company business models worldwide over the last decade. We are confident that this impact will translate into shifts in valuation in the near term and that we are, in fact, already seeing evidence of this.



Auditing & Accounting Update

In this section, we provide brief updates on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.



Tax Update

In this section of Jnet, we provide brief updates on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.