David Zion Credit Suisse |
In second place for a fourth year running is David Zion of Credit Suisse. “He can help me understand the gibberish of tax and accounting rules and apply them to the real world of investing,” says one grateful client. In addition to keeping investors aware of the much-discussed “fiscal cliff” of spending cuts and tax increases set to take effect after December, Zion has also alerted them to issues that have garnered less attention, such as the bonus-depreciation provisions included in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which allow companies to deduct at least 50 percent of the cost of qualifying equipment put into service last year and this; the special allowance is set to expire December 31. “There has been some talk about extending it another year, but if it goes away as planned, that could result in a bigger tax bill and drag on cash flows for the most capital-expenditure-intensive companies,” the analyst says. |
Economics & Strategy – Accounting & Tax Policy: Second