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CTO Insights - Most significant challenge video

Jun 26, 2017
From the KPMG Institutes

CTOs discuss the most significant challenges they are facing.




Joseph Gagliano, Senior Vice President, Global Tax, American Express: If there's one topic this year that's of the utmost importance to us right now, it would be tax reform. We are a company that has a high effective tax rate because of our global footprint and most of our earnings being in the United States. The prospect of tax reform and the lower corporate tax rate is something that's very meaningful for us, and would have a very large impact on our earnings. So hearing people's thoughts about when tax reform might happen and what it might look like is very, very interesting and very relevant.


Katrina Welch, Vice President and Tax Director, Texas Instruments: Succession planning, definitely, across the function and across the region's, not just in the U.S. but worldwide. Succession planning is really big in our organization, and we spend a lot of time preceding it, as well as keeping it fresh. We have a number of seasoned tax professionals and anticipating that one or more of them may leave at some point – do have / have we identified the right candidates or the right type of candidates (even if it's external) to take on those roles. And for the people that are internal, are we giving them the tools to be successful now, to help them on that path.


Donna Cote, Corporate Vice President, Tax, AECOM: Trying to coordinate all the different countries tax reform proposals or the BEPS actions. Trying to get that all into you know one big plan is really difficult.


Colin Seegmiller, Vice President, Global Tax, Amway: Right now it's just the changing landscape.  We're facing several audits around the world. Each audit takes its own its own life and its own role. The auditors have their own perspective and it's hard to bring that all in and make sure that everybody's on the same page and keep it going in the same direction. And at the same time keep upper management abreast of what's going on and make sure that they're aware these issues are happening and what could happen. They're always very keen to know how this will impact the company and how it's going forward so, it's a big challenge.




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