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November 30, 2022
2022-1863

TTC/EY Business Tax Policy Barometer (November 2022)

The Tax Council (TTC) and Ernst & Young LLP periodically produce the Business Tax Policy Barometer, providing insights on the business community's perceptions on a variety of business tax and other key policy issues. This 21st Barometer tracks the views reported from October 25 through November 8, 2022.

Results from the Barometer show that high inflation is the top concern for the business community, with 73% of respondents also expecting a US recession within the next 12 months. Respondents view enactment of relief from significant TCJA revenue raisers as unlikely. Business and tax executives need to stay informed of the key policy issues that could impact their operations. Additional details are in the attached publication.

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Business Tax Policy Barometer

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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