10Minutes on tax reform

June 2008
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Tax reform

At a glance

Here we outline steps companies should be taking now to anticipate both risks and opportunities from likely tax reform scenarios and how to prepare for potential outcomes.

In late 2010, the sun was setting on most individual income tax relief enacted in 2001 and 2003. With a new administration facing budget deficits, an extension of the law was unlikely. Read the June 2008 10Minutes for forecasts at that time about:

  • Implication of possible corporate tax reduction
  • How base broadening could cover tax shortfall
  • Possible limits on U.S.’ ability to defer tax