Brexit Musing #22: Impact on Taxes under the Biden Administration with PwC

This "Brexit Musing" episode features PwC’s Mary Shelton Rose, Partner, Regional Vice Chair and US Brexit Response leader and Mark Prater, Managing Director, Tax Policy Service Group within the National Tax Services group as they “muse” about the potential impacts of a deal or no-deal within a Biden Administration.

Mary Shelton Rose, Vice Chairman, Client Service, for markets in the East Region of the United States, Mary is responsible for the development of committed relationships between clients and our firm for a broad range of assurance, tax, and advisory services. In addition to the Vice Chairman role, Mary is the leader of the PwC US Brexit Response office. In this role, Mary leads a team of professionals focused on helping US-based clients navigate the risks and opportunities around Brexit.

In her more than 29 years of professional experience at PwC, Mary has served key clients across a variety of industries in the areas of technology, consumer markets, entertainment, media and telecommunications industries.

Over the course of her career, she has led or participated in consulting engagements involving financial and operational due diligence, design and implementation of governance structures and target operating models, human capital organizational design and deployment, profitability analyses, industry/market research, financial modeling and forecasting, statistical analyses, valuations, contract management and forensic investigations. Prior, Mary served as the East Region Advisory Leader.

As a recognized thought leader and industry expert on entertainment and media, Mary has been invited as a guest speaker for industry forums, including the Variety Entertainment and Technology Summit and the Digital Entertainment Group Annual Forum.

Mary holds a B.S. and a Masters in accounting from the University of North Carolina at Chapel Hill and is a licensed CPA in California and North Carolina. As a proud graduate, Mary was the MAC commencement address keynote speaker for 2017. Currently, Mary is on the board of trustees for The Fletcher School.

Mark Prater is a Managing Director in the Tax Policy Services (TPS) group of PwC’s Washington National Tax Services (WNTS) practice. In his role, Mark advises clients with respect to tax policy issues and tax legislation with a concentration on the Tax Cuts and Jobs Act of 2017.

Prior to joining PwC Mark served as a Chief Tax Counsel and later a Deputy Staff Director on the Republican staff of the Senate Finance Committee. Mark was selected as Staff Director for the Joint Select Committee on Deficit Reduction, (“JSCDR”) i.e. the Super Committee.

Mark Prater graduated from Portland State University with a B.S. in accounting and obtained a J.D. from Willamette University and an LL.M. in Taxation from the University of Florida.