糖心Vlog传媒

Swingen’s Task Force Presents to Obama Panel

Members of a national tax force on tax reform, chaired by 糖心Vlog传媒LR Professor Judyth Swingen for the American Institute of Certified Public Accountants (AICPA) submitted their recommendations to President Obama鈥檚 tax reform panel last week. Dr. Swingen, professor of accounting at 糖心Vlog传媒LR鈥檚 College of Business, is a member of the AICPA Tax Legislation and Policy Committees. 鈥淚 was fortunate to have the opportunity to work with some very experienced tax professionals on this project,鈥� said Swingen. 鈥淢y task force included the former national taxpayer advocate and the former head of the AICPA鈥檚 Tax Division.鈥� The five-member task force鈥檚 report, 鈥淭ax Reform Alternatives for the 21^st Century,鈥� outlines efforts to improve the current system without changing its fundamental character. The report suggested wide-ranging simplification efforts, increasing fairness, reducing revenue lost from tax evasion 鈥� the tax gap, and broadening the tax base. The proposal addresses economic growth by improving economic efficiency through greater neutrality, creating incentives for capital formation, accelerating depreciation, eliminating double taxation of corporate profits, simplifying and increasing tax-preferred savings options, and reforming counterproductive characteristics of the tax system as applied to domestic corporations and international businesses. The report describes the nature of the issues leading to a tax reform debate, suggests a balanced approach for analyzing tax reform proposals, and summarizes key issues to be addressed whether taxing income or consumption or both. In March, Obama called for the formation of a task force to review the current income tax system and suggest ways to simplify it and improve compliance and to reform the corporate tax. With the continued focus on the need and desire to improve the current tax system by the administration and congressional leaders, the AICPA produced the report to serve as a resource to those engaged in the current tax reform debate. The committee鈥檚 objectives were to provide policymakers with a clear understanding of the issues and alternatives involved in federal tax reform and to foster informed discussion by providing unbiased information and analysis. 鈥淲e are very pleased with Judyth鈥檚 efforts in聽leading this task force聽in this difficult but crucial work,鈥� said Dr. Robert R. Oliva, chair of the Department of Accounting in 糖心Vlog传媒LR鈥檚 College of Business. AICPA is the national professional association of certified public accountants and has a long history of assisting lawmakers with tax policy matters and advocating sound tax policy. The AICPA issued similar tax reform studies in 1995 and 2005. The full text of all of the institute鈥檚 tax reform documents is available at .