Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Ripple FX: The U.S. Tax Impact of a Strong U.S. Dollar

08.03.2022 | Duration: 31:05

Podcast: What are the U.S. tax implications of the recent strengthening of the U.S. dollar?

Listen now
Backward 10s Play Pause Forward 10s

KPMG Inside International Tax

Episode 08-2022 | In recent months, inflation has been a hot topic and we have seen the Federal Reserve increase interest rates in response to historic inflation. These moves have strengthened the U.S. dollar in relation to many currencies around the world. In this episode, we discuss potential consequences and considerations of this recent strengthening of the U.S. dollar. How are foreign currency losses triggered? What are the consequences of triggering such losses? What foreign currency issues can arise in M&A deals? And how might foreign currency losses be taken into account for purposes of Pillar Two?

Our host, Gary Scanlon, interviews Howard Wiener from the International Tax group of the KPMG Washington National Tax practice to get an overview of how the United States taxes foreign currency gains and losses and practical observations on what taxpayers should consider when the U.S. dollar is the strongest it has been in recent memory.

Meet our podcast team

Image of Gary Scanlon
Gary Scanlon
Principal, International Tax, Washington National Tax, KPMG US
Image of Howard Wiener
Howard Wiener
Principal, International Tax, KPMG U.S. Tax Services (London) LLP

Discover more podcast episodes in this series

More Inside International Tax episodes

Explore more

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.