BDO’s 2019 Board of Directors survey is attached.
The 2019 BDO Board Survey, conducted by Market Measurement, Inc., an independent market research consulting firm on behalf of the Corporate Governance Practice of BDO USA, examined the opinions of 180 corporate directors of public company boards.
Respondents represent a distribution of organizations across industries and market value, from less than $200M to more than $10B.
Re: impact of the Tax Cuts and Jobs Act (TCJA), approx. 47% of the respondents were affected by the reduced Federal tax rate, although less than 20% were impacted by tax losses, foreign earnings impact or interest expense limitations. This is very surprising with the TCJA GILTI provisions.
Almost two-thirds of directors (65%) report a high or moderate understanding of their company’s total tax liability.
Page 7 of the report is interesting, as it illustrates actions pursued as a result of tax reform. These actions include MA&A, stock buy-backs, increased dividends and repatriation of cash to the US.
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Strategizing Multinational Tax Risks 
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