Few chief financial officers and senior comptrollers plan to make any tax
decisions based on the outcome of the US presidential and congressional
elections starting today, according to a survey conducted by
Thornton LLP in the US.
An overwhelming majority of 79% will not be influenced by the change of US
administration in their tax decisions. Something, Mel Schwarz, a Grant Thornton
LLP tax partner and national tax office legislative affairs director, has found
surprising, given the vast difference between the two presidential candidates in
tax policies for business and individuals.
While John McCain promises business a lower corporate rate at 25% and the
ability to expense more assets, Barrack Obama’s business tax relief is more
targeted, considering lower corporate tax rates only if ‘loopholes’ are closed.
Obama has also promised a substantial list of offsets and to boost
alternative energy and conservation tax incentives and supported efforts to
repeal tax incentives for the oil and gas industry.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...