What’s next? Looking toward 2021 on tax, trade, and regulation

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08/27/20

Rohit Kumar discusses the status of the stimulus bill, open questions on the payroll tax credit, and the reshoring that could impact global supply chains.

Amid the excitement of getting back to a semblance of business as usual, you’re probably asking yourself a lot of questions—as in, what is the new normal and where do I go from here? This podcast is the next episode in a new series for CFOs, controllers—really, anyone in finance—asking big questions, like: how do we emerge from a crisis stronger than before? Each week, we’ll focus on a different area that may need your focus in this period of recovery. This week, host Heather Horn sits down with Rohit Kumar, leader of PwC’s Tax Policy Services group.

Topics include:

  • 0:48 - Overview - We begin with an update on the phase four COVID relief legislation bill, funding for the US postal service, and how the upcoming election fits into all of this.
  • 5:32 - Executive order on employee payroll tax credits - Rohit explains the open questions on the executive order and what could happen next.
  • 12:09 - Policy between now and November - Turning our attention to the future, do we anticipate any major policy changes or other developments between now and the election? Rohit shares his thoughts on a possible partial government shutdown.
  • 17:15 - Reshoring efforts - The COVID-19 crisis has led to evolving conversations about reshoring and rethinking the supply chain. Rohit and Heather talk about the three reshoring tools available: incentives, tariffs, and mandates.
  • 21:44 - 2021 and beyond - As companies begin to scenario plan for what policy might look post-election, we close with how companies are rethinking business and the opportunity for a stronger, more resilient economic model.

About our guest

Rohit Kumar is a principal and leader of PwC’s Washington National Tax Services (WNTS) Tax Policy Services group. In this role, he advises clients on all aspects of domestic policy, including tax policy. His insights and knowledge enable companies to assess critical policy issues more effectively and to develop legislative strategies to address those issues from both a technical and a political perspective.

About our host

Heather Horn is PwC's National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

All episodes in the series

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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