Only 12% of U.S. Tax Pros Support Tax Inversions, But 24% Say Their Companies are Entertaining Such Deals – More at Larger Firms
Seventy percent of corporate tax professionals are in favor of lowering the U.S. corporate tax rate, even if that assumes giving up tax loopholes, according to a new study released today by the Tax & Accounting business of Thomson Reuters.
The Thomson Reuters Corporate Tax Department Pulse Survey gauged the opinions of corporate tax professionals -- from analysts to CEOs – on issues such as U.S. corporate tax reform, tax inversions, recent tax credit expirations, and transfer pricing practices.
Here are the key findings:
“At a time when global corporate tax policy is more volatile than ever, this real-world perspective from tax professionals provides valuable insight into corporate strategy,” said Joe Harpaz, managing director for the corporate segment for the Tax & Accounting business of Thomson Reuters. “These results show that, despite increased complexity and uncertainty, they continue to find ways to confront that challenge and manage day-to-day operations without causing material impact to their core businesses.”
The Thomson Reuters Corporate Tax Department Pulse Survey polled 212 corporate tax department executives, half of which work at firms with $1 billion or more in revenue.
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