While the airwaves and headlines have been filled with talk of tax reform, few corporate executives and board members see it happening any time soon. Almost half—48 percent—of the 1,400 participants in a recent KPMG survey do not expect a change in corporate tax rates until 2013.
Even when it does come, the reductions would be fairly minor, respondents predicted. The top corporate rate, now at 35 percent, would only drop to between 32 and 34 percent, according to 29 percent of survey participants. Another 29 percent predicted a decline to between 30 and 31 percent.
