start to get different. It affects timing, it affects the business model,
it affects cost. That’s a simple example that shows that even at the
local level pile driving can be affected.”
At the state or provincial level, said Fiorentino, “There are
employment issues, wage rates, tax implications – all kinds of
issues at this level that could impact businesses of all kinds.”
And then at the national level, Fiorentino says taxes are one of
the biggest implications of regulations.
“For example, there’s the transition or sale of one company
to another, or a merger of one company with another, or an
acquisition. Tax laws around these could negatively impact the
transactions.”
Regulations around trade can have a big impact on business, as
well. He points to the current situation between the U.S. and China
as one high-profile example.
“If your equipment becomes expensive – or if it’s suddenly nonexistent
because you used to purchase it overseas – that’s going to
be disruptive,” said Fiorentino. “Or, it might be that you’re selling
equipment overseas and tariffs impact the economy of the sale.”
Those regulations can cause anything from a headache to a nosediving
bottom line.
The upsides of getting involved
The most successful companies tend to be well aware of the
importance of getting involved in politics and they invest the
time and effort to create a strategy to get the change (or status
quo) they’re after.
“There’s a reason Amazon, GE and some of the largest companies
in the world have Washington offices, and government
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