The Inflation Reduction Act – Concern Or Opportunity?
On March 6, AmCham Nordics, in partnership with KPMG, hosted a one-hour briefing and Q&A on President Biden’s Inflation Reduction Act of 2022.
While there are still open questions to address when more information is available, KPMG’s seasoned experts deftly outlined the opportunities transatlantic companies have to utilize this record-breaking energy and climate funding. The major opportunity is in the form of tax credits with companies being the biggest recipient, as well as new provisions to explore, such as monetization.
About the speakers:
Hannah Hawkins is Principal, in KPMG’s Washington D.C. tax office. Prior to joining KPMG, Ms. Hawkins served as Deputy Tax Legislative Counsel in the Treasury’s Office of Tax Policy and on legislation that led to the I.R.A.
Richard Marcos is the Global Leader of KPMG’s Credits & Incentives Network as well as KPMG’s US National Tax Credits practice. He is a Principal in KPMG’s US Accounting Methods and Credits (AMCS) Practice and is resident in the San Diego office.