New York Times Quotes Scott Michel on Tax Plan's Ambiguity
Ideally, the tax code is meant to encourage businesses to make sound economic decisions, and forgo activities whose sole purpose is to avoid taxes. But the proliferation of different business rates rewards loophole hunting and earnings shifting.
“The speed with which they’re doing this creates a level of ambiguity that will keep tax lawyers and tax professionals busy for 20 years,” said Scott D. Michel, a tax lawyer with Caplin & Drysdale.
For the full article, please visit The New York Times’ website.
Excerpt taken from the article “Tax Plan Crowns a Big Winner: Trump’s Industry” by Patricia Cohen and Jesse Drucker for The New York Times.