Cross-border Tax Talks

Disequilibrium: The new geopolitical and macroeconomic landscape

Doug McHoney (PwC's US International Tax Services Global Leader) is joined by Craig Stonberg at PwC’s 2023 International Tax Conference. Craig is PwC’s Macro Intelligence Leader, and spearheads a team of analysts helping global businesses with geopolitical risks, macroeconomic volatility, and supply chain shifts. Doug and Craig discuss the geopolitical landscape, particularly in Asia and Europe; how a recession would affect multinational companies, the labor shortage that is particularly affecting women, the geopolitical part of the energy equation, and how multinational companies should be preparing for 2023 and beyond.

Timestamps:

• 1:30 - Any big takeaways from the US lockdown and global approach to COVID?
• 5:05 - Have we reached the end of globalization?
• 7:20 - There’s been a number of trade alliances, particularly in Asia. How is that shifting things on the geopolitical scale?
• 9:40 - Who else is a key player in the course of trade and globalization?
• 13:10 - Are there particular industries that should keep an eye on export controls?
• 16:55 - So where does China sit in the middle of this? Particularly, how do US companies deal with the current tension from a geopolitical perspective between US and China?
• 21:45 - Moving over to Europe, we’re almost at the one year mark of the Russian invasion of Ukraine. Where are we headed in Europe, and what does it mean for US multinationals?
• 25:00 - Does Craig think that US multinationals were disproportionately affected by the Russia-Ukraine conflict?
• 26:25 - Moving from geopolitics to macroeconomics, there has been a lot of talk about a recession from both a US and a Global perspective. How should businesses plan for a potential recession in 2023?
• 29:00 - What are some of the factors from a macro perspective driving labor shortages, and how does it affect multinational companies?
• 32:00 - Turning to energy, what does recent legislation and the US and abroad mean for renewable energies?
• 34:50 - What are one or two issues that multinationals should be keeping an eye on in 2023 and beyond?

View full podcast series