Nearly 80 percent of business executives said they would be willing to accept the repeal of certain tax incentives in exchange for a lower overall corporate tax rate, according to a new report by KPMG.
The firm surveyed more than 680 business executives from both U.S. domestic and multinational companies. To achieve meaningful U.S. corporate tax reform, an overwhelming majority say they would be willing to give up important tax preferences—including the manufacturing deduction and the research & experimentation tax credit –for a lower statutory corporate tax rate.
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