Corporate Tax Reform? Don’t Hold Your Breath

Nearly half of all CFOs and other top executives (48%) don't expect reforms in the corporate tax rate structure until 2013 or later. That's according to a recent survey of 1,400 company CFOs, tax directors, and members of corporate audit committees or boards in general. And when reforms are arranged in the future, the survey suggests, they will be small reductions of between one and five points from the current 35% rate.