Executive Briefings

Among Many Things on Manufacturing CFO's Mind Is How to Craft Effective Corporate Income Tax Strategy

Balancing daily operations and long-term strategy is at the forefront of every chief financial officer's mind, and in a business environment that is often riddled with a multitude of daily challenges and high demands on time, a focus on long-term success is required to maintain a company's competitive edge.

Among Many Things on Manufacturing CFO's Mind Is How to Craft Effective Corporate Income Tax Strategy

The temperamental climate surrounding local and global competition, supply chain management, regulatory modifications, environmental concerns and advances in modern technology are just a few of the matters manufacturing executives are asked to address daily. Commonly, the time and monetary investment to strategically address these types of challenges have little immediate impact but are more appropriately measured over the long term.

An equally important issue for every CFO surrounds the ever-changing income tax environment. While discussions surrounding corporate income tax reform and Congress’s guidance on corporate tax relief extenders seem nebulous and challenging when defining a tangible and reliable tax strategy, there are corporate tax planning and tax savings opportunities that can have both an immediate and meaningful impact on the finances of today’s manufacturing firms.

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The temperamental climate surrounding local and global competition, supply chain management, regulatory modifications, environmental concerns and advances in modern technology are just a few of the matters manufacturing executives are asked to address daily. Commonly, the time and monetary investment to strategically address these types of challenges have little immediate impact but are more appropriately measured over the long term.

An equally important issue for every CFO surrounds the ever-changing income tax environment. While discussions surrounding corporate income tax reform and Congress’s guidance on corporate tax relief extenders seem nebulous and challenging when defining a tangible and reliable tax strategy, there are corporate tax planning and tax savings opportunities that can have both an immediate and meaningful impact on the finances of today’s manufacturing firms.

Read Full Article

Among Many Things on Manufacturing CFO's Mind Is How to Craft Effective Corporate Income Tax Strategy