Feargal O’Rourke smiled when he heard Donald Trump’s plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump has always sought full tax deductions for business meals and entertaining, and with restaurants feeling the force of the Covid-19 lockdown, Trump is reigniting the plan under the guise of economic stimulus. “It is probably only a matter of time before it is proposed here,” said O’Rourke, the managing partner of professional services giant, PwC. Yet, Trump’s offbeat proposal highlights an issue that has been weighing on O’Rourke’s mind in recent days – how to…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .