Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Frank Landreneau, a director and one of the faces of our International Tax team. Frank, welcome back to The Playbook.
Frank: Thanks for having me again. It’s a pleasure.
Jen: We’ve covered all sorts of international topics, but one thing we haven’t touched on is tax reform for tax planning strategies for multinational companies coming inbound.
Frank: That’s right. The rules have changed and tax reform, you know, the biggest development is the change in our tax rate for corporations since most inbound companies do business as a corporation and we’ve gone to 21% tax rate. There are revised rules for interest expense deductions and new rules regarding our net operating loss carryforwards.
Jen: Is there any kind of things people should be aware of for a financing strategy for when they’re coming inbound?