In a recent survey about the impact of the Tax Cuts and Jobs Act (TCJA), 94 percent of business tax executives said the new law will lead their business to increase capital investment in the U.S.
The survey, by Miller & Chevalier and the National Foreign Trade Council, was given to vice presidents, directors and tax managers across the U.S. and to foreign-based multinational companies.
Almost all the respondents said the new law will make U.S. business more competitive. Nearly 60 percent said it will lower their business’s taxes.
Many respondents will seek technical corrections, and more will seek regulatory guidance regarding the new law.
The TCJA is positioned to increase competitiveness of U.S. businesses and U.S. capital investment.