By Mark Maurer Close Mark Maurer and Kristin Broughton Close Kristin Broughton Sept. 17, 2020 2:21 pm ET Finance executives at major U.S. companies expect corporate tax rates to rise following the presidential election in November—no matter who wins.
Executives are more likely to ramp up planning for tax-policy changes if Mr. Biden wins the election, the survey among 580 professionals such as finance, operating and human-resources chiefs found. If President Trump is re-elected, executives are likely to spend more on their companies’ supply chains to protect against fallout from U.S.-China trade tensions, PwC said.
Finance and tax executives are modeling how these and other tax-policy changes could affect cash flows and investment decisions for their businesses. Kansas City Southern, a Kansas City, Mo.-based railroad operator, has evaluated the differences between the candidates’ tax plans, finance chief Michael Upchurch said at an investor conference last week.
Some companies are using modeling to determine how the candidates’ plans would affect the after-tax return of a particular acquisition, said John Gimigliano, principal-in-charge of KPMG’s U.S. tax legislative and regulatory services business. The process helps businesses decide whether to pursue a certain transaction and figure out how much to bid, he said.Businesses that benefited from the 2017 tax cuts are now preparing for the the opposite.
If Biden wins for sure. If Trump wins he will get $ from trading partners etc.
That's a shame. TaxationIsTheft LetHerDebate LetHerSpeak JoJorgensen2020 GoldRush2020
Well, we have got to pay for all of the past Covid stimulus handouts somehow. People don’t seem to realize that we were just delaying repayment, and nothing is for free.
its inevitable. we just pumped Trillions of dollars into the economy and the deficit has ballooned out of control. we are going to see a double whammy, higher taxes and ridiculous inflation. It is going to be ugly for whomever is in charge. UGLY!
Bill comes due. Decades of deficit spending without a tax policy that collects enough money.
At “zero” rate GDP growth anticipate no increase in taxes no matter who is elected
Good. Plan for it.
Only 47,000 more AMERICAN DEATHS from Covid until Election Day!
I don‘t think so
It's basic math. There has to be higher tax rates as the debit climbs astronomically.
They Should
You know, if you get out of the whole monetary system, you don't need to worry about taxes anymore... just sayin'.