Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m here today with Frank Landreneau, one of our International Tax Directors at PKF Texas. Frank, welcome back to the Playbook.
Frank: Thank you, Jen. It’s great to be back.
Jen: So, tax reform has been in the news a lot. What are you seeing for middle market companies in the international space? How is it changing the way they do business?
Frank: Because of the incentives created through the tax reform, many middle market companies are starting to rethink all types of aspects of their operations, including their supply chain, areas of production, really refocusing on different areas of where they are operating and placing strategic activities.
Jen: And is that for inbound and outbound as well?
Frank: It is. Primarily, a lot of this tax reform was centered around US companies and how they do business in the US, but it does have incentives for inbound companies as well.
Jen: And what types of industries is this going to impact most? Is it manufacturing or is it all across the board?
Frank: It’s really going to impact everything across the board, because a lot of the crux of the tax reform has to do with the reduction of tax rates, and so, therefore, it will transcend industries and the entity types as well.
Jen: I know there’s going to be a lot more to talk about this and dive into with the international tax. Can I get you back?
Frank: Absolutely. I’d love to do that.
Jen: Perfect. Well, thanks. To learn more about other international topics, visit pkftexas.com/internationaldesk. This has been another Thought Leader Production brought to you by PKF Texas The Entrepreneur’s Playbook. Tune in next week for another chapter.