Topics You Should Be Discussing with Your Head of Tax – Chemicals Industry

What’s happening in the chemicals industry that may have significant tax implications that could affect your company’s decision-making? In this podcast, Tony Castellanos, tax industry leader for KPMG LLP (KPMG), and Anjit Bajwa, KPMG chemicals tax industry leader, examine trends in the chemicals industry and how they translate into tax issues that CFOs may want to discuss with their head of tax the next time they meet:

• How the global events (for instance, microchip shortage) can affect chemical industry operations and revenues, directly affecting forecasts and projected effective tax rates as well as tax risk management decisions
• Why tax has an impact on business decisions for chemical companies on disruptive business issues such as ESG-related developments, work environment and location issues arising from COVID-19, and both potential U.S. and global tax reform
• Why modeling—especially dynamic modeling—the tax impacts of these changes is a critical area for tax departments providing transformative value to their organizations.