A whopping 82.3 percent of the CNBC Global CFO Council say that Congress should reform the corporate tax code, but 100 percent say they won't, at least not before the end of next year.
In the latest quarterly CFO Council survey, members weighed in on a range of issues, including the markets, tensions between Russia and Ukraine and the upcoming midterm elections.
The issue of corporate taxes came as part of a series of questions related to the now-withdrawn bid by Pfizer to buy AstraZeneca, which may have allowed Pfizer to move its domicile to the U.K., avoiding some U.S. corporate taxes. Only 30 percent of respondents said that dodging taxes was Pfizer's primary motivation to make the bid, and 70.5 percent said the takeover would have benefited both companies' shareholders.
When it comes to the markets, the council's optimism has taken a dive over the last three months. Today almost 65 percent say the Dow Jones Industrial Average will not reach 17,000 this year, an uptick in pessimism from February's survey in which nearly 39 percent said the same. A little more than one-third expect the S&P 500 to experience a correction before the end of 2014—another uptick in pessimism since February's survey.