DETROIT – New revenue generated from tax deductions can have the same effect as cost cutting, says a best-practices report compiled by Andersen’s Automotive Competency Center. Such revenue can help suppliers beleaguered by unrelenting demands to implement long-term cost-cutting strategies, the report adds. What are the deductions? “Many states allow employers to ‘buy down’ the tax rate by making a voluntary contribution to its unemployment insurance account by a certain date,” Andersen ...
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