How Gary McGaghey And Other CFOs Prepare For A Potential Change In The Tax Policy Arena
Among the major concerns for CFOs was a corporate tax policy change during a Biden administration considering the presidential election that didn’t seem to alter their viewpoints on the risks that could arise with a new government. Despite the CFOs’ concern in regards to the regulatory and policy risks, most of them believe that the other risks like third-party disruption among others will be very demanding. Most of the CFOs are already investing in tax scenario planning and may consider partnering with the tax leaders to comprehend the consequence of any possible tax proposals that may be endorsed by the Biden administration. CFOs will also work with other business leaders to evaluate how President Biden possibly will advance the policies by means of agency rulemaking and executive orders, while also looking to the agency appointees for hints on the policy shifts.
Gary McGaghey, one of the renowned CFOs recently joined Williams Lea Tag as the Chief Financial Officer. He has a wealth of experience in the field as he previously worked in the same capacity for many international companies. Advent International and PE Group, the famous private equity firms, own Williams Lea Tag, worth €1.3 billion. Gary McGaghey as company’s Group CFO oversees cost restructuring, carve-outs, mergers and acquisitions, balance sheet refinancing, and divestitures for the company
Gary McGaghey graduated with a Bachelors of Commerce degree from University of Natal in 1989 prior to joining University of South Africa where he attained a Post Graduate Honors Degree in Commerce in 1991. He was later awarded the Chartered Accountant (SA) and Chartered Management Accountant in 1992 and 1993 respectively from the Chartered Institute of Management. He additionally earned a Non-executive Director Diploma in 2015 from the Financial Times. The hardworking Gary McGaghey believes that there’s no substitute for commitment and that the most essential part of his success is building and working with great people and great teams. He prides in the evolving dynamic of work-life balance where people can work remotely, due to the technological advancements.
Check out his blogs on Medium