Want New Ideas? Look Outside Washington

Want New Ideas? Look Outside Washington

by Clint Stretch

Except for the fact that I headed into the Deep South in June, I was lucky to get out of Washington last week. Few in Washington would dare express the views I heard from a good-sized group of young tax professionals. They were unencumbered by the constraints of political correctness and ideology that dominate inside the Beltway or by the long experience that erodes idealism. What I heard suggested that these young practitioners know where the problems are in the tax system and could offer solutions at which politicians would blanch.

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... They wondered at the failure of Congress to supply the IRS with information reporting on a range of items, including banking transactions. The ease with which individuals could be treated as independent contractors was seen as a major source of wage tax noncompliance.

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If tax reform is about securing our economic future, the measure of success should be less whether lower rates are lower and the base broader and more about whether it will be fairer because it no longer tolerates the kind of tax gap we have today.

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View Clint Stretch's opinion in its entirety on the taxanalysts® Blog.

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