As WPI covered on 29 July, after many months of negotiating with Senator Joe Manchin (D-West Virginia), Senate Majority Leader Chuck Schumer (D-New York) came to an agreement for a much scaled down version of President Biden’s Build Back Better plan that Manchin and Senator Krysten Sinema (D-Arizona) scuttled in 2021. After several days of consultation with Sinema, she came on board too. The bill is known as the Inflation Reduction Act. To gain her support, Schumer had to take out the provision to eliminate the carried interest provision, which taxes private equity and venture capital income at 15 percent rather than a higher applicable income tax rate. She also got some changes to the 15 percent book profit corporate minimum tax, an...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.