Fresh From the River Styx: The Achilles' Heels of Tax Reform Proposals

Ronald A. Pearlman

National Tax Journal, 1998, vol. 51, issue 3, 569-78

Abstract: Tax reform discussions frequently ignore or minimize tax avoidance and tax evasion implications. Current proposals create tax planning opportunities and raise compliance issues. The employee-independent contractor distinction and time value of money principles are important in the Flat Tax and USA Tax. The resale exemption of the National Retail Sales Tax will invite tax evasion, and the intangible property exemption will result in tax avoidance. Tax planning and compliance issues also are relevant in considering any reformed income tax. A proper focus on likely tax planning responses to all fundamental reform options is important if simplification and revenue objectives are to be realized.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:51:y:1998:i:3:p:569-78

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