IHS Chemical Week

EnviroTech :: Regulatory

Reach and the Multimillion-Dollar Tax Savings

11:44 AM MDT | July 27, 2007 | Alex Scott

Reach is such a major undertaking that it could greatly influence company accounting practices, says Marc Temme, tax partner with KPMG (Amsterdam). Chemical companies could save “tens of millions of dollars” by introducing efficient tax strategies when implementing Reach, says Temme, who outlined a series of tax strategies for accomplishing the savings in a recent CW online seminar, “Reach out to Reach.” Tax issues are “so important that they could warrant portfolio changes, such as stopping the production of certain products, or...

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