Pat Brown

Pat Brown, an International Tax Partner at PwC and former Deputy International Tax Counsel, joins Doug McHoney to discuss the 'One Big Beautiful Bill.' They dive into its legislative path in Congress and its implications for both domestic and international taxpayers. Key topics include temporary business provisions, the impact of Section 899 on digital services taxes, and the evolving treatment of research expenses. They also tackle the complexities of U.S. tax credits under global minimum tax rules and international negotiations surrounding the Undertaxed Profits Rule.

In this enlightening discussion, Pat Brown, an International Tax Partner and Co-Leader at PwC’s Washington National Tax Services, shares his expertise on the intricate details of the 'One Big Beautiful Bill.' He and Doug McHoney delve into the complexities surrounding the legislative maze, including the urgent July 4th deadline and the challenges of aligning House and Senate bills. They discuss crucial changes to GILTI, FDII, and the BEAT, revealing how these modifications will impact both domestic and international taxpayers.

Join Pat Brown, National Tax Office Co-Leader at PwC, and Jennifer Spang, income tax accounting leader with over 25 years of experience, as they delve into the sweeping 2025 US tax reforms. They discuss key changes like permanent bonus depreciation, the return of immediate R&D deductibility, and tweaks to international tax rules such as GILTI and FDII. The conversation also covers the impact on clean energy credits and corporate charitable contributions. Listen in for insights on the future of corporate tax policy and crucial accounting implications!