Almost half of fast-growth chief executives surveyed expect a major increase in their company's business taxes over the next two years, according to PricewaterhouseCoopers.

Overall, an average increase of 18 percent in business taxes is expected over the next 12 to 24 months, according to the poll of 392 chief executives of privately held U.S. product and service companies with revenue/sales of $5 million to $150 million.

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