Jay Payne is a Partner in KPMG in Bermuda’s Tax Practice and brings more than 30 years of experience advising businesses on the evolving complexities of the US tax system. Throughout his career, he has worked with multinational public and private companies across a range of industries, including entertainment and hospitality, energy, healthcare, real estate, and insurance. He joined KPMG in Bermuda at the end of 2023, bringing a fresh perspective to serving clients with sophisticated tax issues.
Jay has significant experience supporting companies with income tax matters under prevailing accounting standards, providing both audit and consulting assistance. His deep tax consulting background includes forward-thinking guidance on emerging opportunities and challenges driven by changes in tax law and the business environment, streamlining client processes to enhance planning and compliance, and navigating industry-specific tax issues through practical, informed problem solving.
His recent work includes advising a large multinational company with Bermuda operations on the application of the new Bermuda corporate income tax regime and the economic transition adjustment; supporting an insurance company in meeting compliance obligations and assessing the tax implications of US income taxes; improving fund reporting of complex tax information for US investors; and conducting buyer-side diligence for a Bermuda-based acquisition, evaluating the tax positions reflected in the target’s financial statements.