Professor Andrew Schmidt discusses impact of significant corporate tax provision

U.S. companies’ AMT credits and refunds are subject to sequester reductions. In this MarketWatch report, Andrew Schmidt, an associate professor in accounting at NC State Poole College, said, “Losing millions because of this issue doesn’t mean that much for a large company with annual revenue in the billions, but it does add up to being a significant overall pain for Corporate America.” Read more about the tax provisions that could cost $700 million to Corporate America.