The UK government September 23 announced significant corporate and individual income tax reductions and new investment zones intended to stimulate economic growth. Thomas Rees, a Partner at PwC’s International Tax Desk in New York, joins us to discuss how businesses are responding and questions he's hearing.
IN THIS EPISODE
Thomas Rees, PwC's UK Tax Desk, New York
Sindhu Blume, Host, Policy on Demand
In case you missed it:
Week in Review with Pat Brown
Accounting implications under new law
Seeking clarity with guidance under new law
Implementing energy incentives strategically
For more on the UK government’s Growth Plan 2022, read PwC’s Tax Insight: New UK government announces tax-cut agenda
Upcoming Webcast: ESG incentives in the Inflation Reduction Act will be the topic of conversation in PwC's October 4 Tax Readiness webcast series. To watch and listen in, register HERE.
Happening this week
Senate expected to vote early this week on a Continuing Resolution to fund the federal government beyond the September 30 fiscal year end;
The House is scheduled to depart at the end of this week until after the November midterm elections.
Senate Majority Leader Chuck Schumer (D-NY) has said the Senate will be in session for two weeks in October, as scheduled, to work on annual defense policy legislation.