Finance execs say presidential election won't change tax planning

11/4/2008 | SmartPros

Tax policy is one of the big issues dividing Sens. Barack Obama, D-Ill., and John McCain, R-Ariz., but most CFOs and senior comptrollers say the outcome of the presidential election won't change their tax planning. A survey by Grant Thornton LLP found that 79% of financial executives won't make any tax decisions at all based upon the election's results. "It's a little surprising that so few financial executives plan to make any tax decisions based on who wins the election, considering how much interest there's been in how each candidate plans to tax various kinds of income," said Mel Schwarz, a tax partner and legislative affairs director at Grant Thornton.

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