One of North America’s largest publicly-traded manufacturing companies engaged FTI Consulting to form and then lead a coalition to support the idea that job growth and investment should be a primary goal of tax reform. This coalition was formed because major manufacturers across the United States faced an uncertain future with a tax reform draft that all but eliminated cost recovery methods without replacing them with domestic investment-inducing incentives. At the time, policymakers associated the issue for heavy manufacturers as more focused on one-off items such as research and development credit or expensing.
Our Role And Outcome
FTI Consulting changed the debate, raising the more beneficial issue of general cost recovery to the forefront of the debate. FTI Consulting engaged members of Congress and other governmental stakeholders, created champions around the issue by developing a subset of members of Congress who have made this issue key to their efforts in tax reform. As a result, the collation was able to catapult the debate into the upper echelon of the reform debate.
This company continues to be an FTI Consulting client.