Pwc's Cfodirect Podcast

The European Union’s (EU’s) Foreign Subsidies Regulation (FSR) was enacted to extend existing EU state aid rules, which govern the fairness of trade among states within the EU, to subsidies received from jurisdictions outside the EU, and includes incentives such as those provided by the US Inflation Reduction Act (IRA).What are the parameters of the new regulation, and how could it impact the realizability of climate incentives for your company? Heather Horn was joined by Barry Murphy and Allard Knook, PwC partners, to unpack these questions and provide the latest insights on the FSR, as well as available EU tax incentives.In this episode, you’ll hear discussion of:2:38 - How the US IRA has shaped global regulatory agendas for state aid8:13 - How the EU is providing its own incentives currently17:14 - An overview of the Green Deal Industrial Plan24:02 - The FSR rules, and their potential impact to non-EU companies36:33 - The underlying policy objectives of the FSR, and how the FSR complements EU climate incen