From the April 2011 issue of Treasury & Risk magazine

Fuzzy Tax Reform

While the Obama administration highlighted a number of corporate tax reform issues in its fiscal year 2012 budget, tax experts agree that major changes--especially those likely to be unpopular with business--probably will be postponed until after the 2012 presidential election. Hank Gutman, a principal in the national tax practice of KPMG in Washington, predicts little reform will occur this year. "These issues are very complex--as a matter of economics and policy, and as a matter of politics," he says.

Gutman points to the Tax Reform Act of 1986 as an example of the far-reaching scale of the tax reform that's under discussion but says, "The 1986 experience is not particularly relevant to today because the economic and fiscal situations are entirely different."

Comments

Advertisement. Closing in 15 seconds.