Senior execs: what corporate tax rate reduction?

Almost half of the 1,400 senior executives polled don't anticipate any reform in the corporate tax rate until at least after 2012, according to a survey by KPMG's Tax Governance Institute.

Among the survey's findings:

* 34 percent expect any tax rate reduction to be offset by reducing or eliminating three key corporate tax provisions: domestic manufacturing deduction, accelerated depreciation and use of foreign tax credits.

* 29 percent said the reduction would...