Business Services Industry
Inventory trends: the "Wal-Mart" effect.
Tax Adviser, The, April, 2006 by Petersen, Dustin C.
For U.S. manufacturers, productivity has steadily increased. Wal-Mart, Target, Home Depot and other large retail companies have externalized their cost structure. Accordingly, the economies of scale have pressured many mid-sized businesses to change their operations to meet the needs of upstream businesses like Wal-Mart. Many of these changes are in inventory and cost management. The upstream businesses have asked the mid-sized businesses to hold inventory longer and to cut product costs. In doing so, it appears that tried and true tax inventory methods may be outdated and wing up needed business capital in current tax costs.
Two tax inventory methods, LIFO and uniform capitalization (UNICAP), provide opportunities to decrease the tax carrying cost of...
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