The two-week Congressional Independence Day recess is expected to begin without an agreement on a revised budget reconciliation bill. Andrew Prior shares his takeaways from this week and discusses why companies should keep an eye on global developments related to Pillars 1 & 2. He also answers the question that he received most this week: What is the fate of the Section 174 R&D capitalization requirement?

IN THIS EPISODE
Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice