U.S. Inflation Reduction Act Briefing

On 11 May, AMCHAM held a briefing on the U.S. Inflation Reduction Act (IRA). The IRA provides over USD $323 billion in incentives for organizations that utilize energy efficiency, renewable and clean energy investments, fleet vehicle decarbonization, and more. 

This session was conducted by Joseph Christofanelli, Director for Asia Pacific Tax Centre at EY Tax Consultants Malaysia. He briefed attendees on the incentives the IRA provides to businesses, both local and foreign should they choose to have operations in the U.S. He also went into detail on the notable areas, its tax credit system, loans and other benefits that the IRA can bring to the table. 

Thank you to Joseph Christofanelli for conducting the session and elaborating on the IRA.