Tax reform is top of mind for CFOs this year, according to the latest CNBC Global CFO Council survey, with 20 percent of respondents saying it is the most important business story of 2017.
Furthermore, a majority of North American CFOs (54.2 percent) say they support the passage of the Tax Cuts and Jobs Act, which passed the House last week, while 20.8 percent oppose it.
Regardless of support, CFOs seem to be confident that the bill’s reforms will have a positive impact on U.S. economic conditions. In addition, 70.9 percent agree (29.2 percent strongly) that corporate tax reforms will create more U.S. jobs, while 83.3 percent agree (20.8 percent strongly) that corporate tax reforms will stimulate U.S. economic growth.
