Past Event

Impact of IRA on US Market Expansion of European Companies

Tue. April 25, 2023 5:30 pm - 8:00 pm !Flanders Investment & Trade (in the New York Times Building) New York, NY 10018

The Inflation Reduction Act (IRA) is aiming to stimulate investment to build up US infrastructure and energy projects and it may attract a significant amount of new capital into the USA.  Every company that is remotely connected to either the semi-conductor or green energy sectors has been looking for ways to take advantage of the billions of dollars of incentives and subsidies that have been made available.

This is a good time for European companies to reconsider entering the US Market either directly or via a partnership with a US company.

Our panel will share insights about opportunities and challenges in US market expansion of European companies in the era of the Inflation Reduction Act and closer US/EU Collaboration on manufacturing, energy related and green projects.

The AGENDA will include topics like:

Opportunities for European companies in different sectors and regions:
• Sectoral implications
- IRA incentives for private investment for corporations;
- Which sectors are most effected and where are the opportunities for transatlantic collaboration
- What you need to know about these funds and how to catalyze private investment in clean energy, transport, smart cities and manufacturing.

• Market implications
- existing loan authority by US Government entities and what the future may hold
- Replacing US energy infrastructure will create new business opportunities within the US for European companies.
- Where is the innovation taking us?

• Political implications
- Is the IRA politically stable
- The US and Europe common agenda to strengthen the resilience of supply chains and reform the WTO.

Things to consider before entering the US market:
• Structural and strategic considerations when entering the US market (Partnership or Subsidiary)
>> Acquiring a U.S. entity - what you need to know about its global tax structure
>> Forming a EU / US partnerships: What do you need to know

• Reporting risks and income tax liabilities for US subsidies: Understanding the basic framework of check-the-box regulations
>> Pitfalls & challenges with Domestic vs. foreign entity tax classifications; Tax liabilities on both sides of the Atlantic.
>> Administrative challenges (Payroll incentives, substance requirements, etc)
>> Tips on what US corporate owners of foreign subsidiaries can do to prepare

SPEAKERS:
• Jill Boland, Principal, CLA (CliftonLarsonAllen)
• Mark Hillhouse, Head of Sustainable Finance - Commercial Banking, HSBC
• Ian Hunter, Director US, OCO GLOBAL
• Jacob Willemsen, Founder & President, TABS Inc.
• Yvonne Bendinger-Rothschild, Executive Director, EACCNY [Moderator]