News 

Larry Summers: Here’s what I would put in a tax-reform plan

“Other tax shelters such as carried interest, tax free like kind exchanges of real estate, and special treatment of option based executive compensation should scaled back or closed. 5” writes Larry Summers for cnbc.com. This would increase revenue, fairness and for those who see a strong distinction remove a current subsidy to the paper pushing economy vis-à-vis the real economy.At a minimum, public companies should be required by the IRS to publicly reconcile their publicly reported income and their tax reported income.I have been very sharply critical of what I regard as unprofessional exaggeration by advocates of the Trump tax proposal.
 
Source: cnbc.com



Share This:

Related posts