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Closing the Loopholes on Tax Reform |
| Section: CURRENT ISSUES / SPECIAL FEATURE--GETTING GOVERNMENT UNDER CONTROL |
| Author: Staunton Calvert |
| Publication: The world & I online |
| Issue Date: 2/1/1986 |
| Size: 1,861 Words, 10,989 Characters |
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It is more or less evident to citizens by now - whether they like it or not - that simplifying the Internal Revenue Code should do two things: reduce inappropriate burdens and increase the ease of administration.
One of the first principles of a tax code that fulfills these requirements, the principle of taxes for revenue only, was endorsed in May 1977 by then Commission of Internal Revenue Jerome Kurtz. In his speech, "Tax Simplification," he said, " ……we should diligently resist attempts to use the tax law to achieve social goals, since such measures do not merely complicate the tax system, but may make it, in fact, less equitable."
One of the violations of the taxes-for-revenue-only principle is the tax expenditure, that is, expenses written off an individual or corporatio...
. . .
...order binding on any representative or senator elected now or in the future and thereafter.
4.The form of the order may well be no more than a copy of the plan. Do not be drawn into an agreement as to what quality and promptness of performance will satisfy you and avert withdrawal from the Congress; let it be understood that you will judge compliance as congressional action proceeds.
(812 of 10,989 characters)
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