By Marna Ricker and Karyn Twaronite
The Tax Cuts and Jobs Act has gone from a hot topic of conversation that closed out 2017 to an operational reality with widespread implications for how businesses operate, invest, compete and deliver products and services. And while corporate tax and finance professionals are grappling with the myriad details around implementing the new law, others in the organization are facing a different challenge: making sure their allocation of tax savings will strategically support their business and their people, particularly over the long term.
We began to consider the possibilities and set them in the context of a parallel conversation: What if companies decided to put their tax savings toward closing the “opportunity gap” — the disparity that arises due to a variety of factors, from gender, age and ethnicity, to education and training, to access to mentors and sponsors?
