The election’s promise of tax reform raises both anticipation for some and anxiety for others. One thing is for sure – sensible tax reform will reinvigorate the economy. There is no question that the proposed expensing of capital purchases will encourage business and infrastructure investment, and repatriating the $2.6 trillion being held overseas back into the U.S. will be a boom for the economy. It’s that simple.
Yet, as politicians in the nation’s capital mull over simplifying tax filings, cutting corporate and individual tax rates, and imposing so called border adjustments on goods coming into the U.S., the process appears to be anything but simple.
TO CONTINUE READING, VISIT THE ORLANDO SENTINEL – http://www.orlandosentinel.com/opinion/os-ed-tax-reform-hurricanes-20170224-story.html.