Alvarez & Marsal Taxand recently surveyed top financial executives of U.S. multinational companies to solicit perspectives and priorities with respect to tax competitiveness and tax reform.
The results show that amidst political, economic and regulatory change, certainty in the tax code has become even more important to CFOs than a reduction in corporate tax rates. When responding to proposed tax legislation, the lack of certainty topped the list of concerns for financial executives, but only a mere 29 percent of those representing large businesses say they model the impact of tax proposals, and just 15 percent of those representing small businesses do.
Another interesting finding emerged on the issue of state competitiveness. CFO respondents view Texas, Florida and Nevada as the most competitive states in which to operate in the U.S. from a tax perspective, while California, New York and New Jersey are viewed as least competitive.
When asked about effective tax rates, most CFOs believe 20-25 percent is necessary to make the U.S. competitive with global tax rates.
Read the complete report. 
If you missed our complimentary webinar on the survey findings and other topical tax issues, Listen to the archive.

Key Contacts:
Alan Kirschenbaum
Managing Director
+1 305 704 6690
Profile
Robert Filip
Managing Director
+1 206 664 8910
Profile
Don Roveto
Managing Director
+1 571 278 9495
Profile
Related Information:
Eye on Tax Webcast Archive
Tax Advisory
 
 

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Action Matter Date: 
Monday, May 21, 2012

CFO Matters: Tax Perspectives Survey Highlights

May 21, 2012

Alvarez & Marsal Taxand recently surveyed top financial executives of U.S. multinational companies to solicit perspectives and priorities with respect to tax competitiveness and tax reform.

The results show that amidst political, economic and regulatory change, certainty in the tax code has become even more important to CFOs than a reduction in corporate tax rates. When responding to proposed tax legislation, the lack of certainty topped the list of concerns for financial executives, but only a mere 29 percent of those representing large businesses say they model the impact of tax proposals, and just 15 percent of those representing small businesses do.

Another interesting finding emerged on the issue of state competitiveness. CFO respondents view Texas, Florida and Nevada as the most competitive states in which to operate in the U.S. from a tax perspective, while California, New York and New Jersey are viewed as least competitive.

When asked about effective tax rates, most CFOs believe 20-25 percent is necessary to make the U.S. competitive with global tax rates.

Read the complete report. 

If you missed our complimentary webinar on the survey findings and other topical tax issues, Listen to the archive.


Key Contacts:

Alan Kirschenbaum
Managing Director
+1 305 704 6690
Profile

Robert Filip
Managing Director
+1 206 664 8910
Profile

Don Roveto
Managing Director
+1 571 278 9495
Profile

Related Information:

Eye on Tax Webcast Archive
Tax Advisory