Jun 02

Print this Post

Tax experts want less political grandstanding

A survey released in May by Ernst & Young indicated that two-thirds of the approximately 2000 tax and finance executives surveyed said that the presidential candidates are not spending enough time addressing tax issues.

In reviewing the results, the E&Y Vice Chair of Tax Services said:

In the last few weeks, the tone of campaigns has picked up on the need to focus on tax, yet corporate America is still waiting for a focus on critically important aspects of both domestic and international tax treatment. Perhaps one reason to avoid the complexity comes from fear of failure. In fact, 72% of respondents believe the issue of tax reform will not be addressed until 2013 to 2014.”

This result might be surprising in light of the nearly endless discussion about the so-called Buffet rule. This broad group of tax and finance experts is acknowledging that the Buffet Rule is a political distraction that does little to address real issues of tax policy and revenue generation. The candidates should instead be speaking about tax proposals that will make a dent in the real issues that exist.


About the author

David Nolte

I am a founding principal of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA) and an Accredited Senior Appraiser (ASA), as well as having other professional credentials. I regularly serve as an expert witness involving damages measurement. My litigation-oriented resume is on Fulcrum's website.

Permanent link to this article: http://betweenthenumbers.net/2012/06/tax-experts-want-less-political-grandstanding/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>