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From Forbes.com
June 8, 2009
One of the seemingly less controversial aspects of the Obama administration's tax proposals is related to tax enforcement.
Who can object to making everyone pay what they owe? Certainly, it's better than raising taxes on law abiding folks. The problem is that some of the administration's enforcement proposals will add big paperwork burdens and costs for small business, at a time when many are already struggling. That could put a damper on hiring, although arguably the proposals will be good for one sector - the accounting firms hired to deal with all the additional filings and requirements. (I say arguably, because in the current economy, there's a limit to how much extra accounting firms can charge their small-business clients, meaning they might have to absorb some of the extra costs themselves.) [more]
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