Tax: Uncertainty costs

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US CEO Insights

Piyush Gupta

CEO and Director, DBS Holdings & DBS Bank, Singapore

"The global community of regulators – as well as the political classes – are keen on ensuring the stability of the financial system. And that implies a completely new order, a new set of rules to play by. In these cases, it’s not uncommon to wind up in a situation of regulatory overreach.”

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How can we forge ahead amid uncertainty about tax and regulations?

Tax issues top US CEO concerns, with almost three-quarters concerned about how tax reform could potentially slow activity, turn profits into higher tax bills and make them less globally competitive. (Explore the data)

Taxes are particularly thorny for global companies. More than two-thirds of US CEOs said that governments are not succeeding in harmonizing global tax and regulatory frameworks. (Watch the CEO insights videos)

Yet despite being much more concerned about taxes than their global counterparts, US CEOs are only marginally more likely to take a closer look at their approaches to tax planning and contribution (40% vs. 37% globally).

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