Throughout last year, CFOs’ positive sentiment was underpinned by positive assessments of the North American economy and, more recently, by rising perceptions of Europe and China. The same applies this quarter, with confidence in all three regions hitting new survey highs.

In addition, the passage of tax reform and government spending bills in the U.S. appears to have further bolstered confidence — with growth expectations for revenue, earnings, capex, and hiring all rising to multi-year highs and CFOs’ optimism about their companies’ prospects hitting its highest-ever level.

So what are U.S. policy changes and skyrocketing optimism leading companies to do next? To help answer this question, this quarter’s survey explores the changes companies are making in response to new U.S. tax law.

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