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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