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AICPA celebrates tax simplification day with new simplification tool.

The American Institute of CPAs introduced a new "Blueprint for Tax Simplification" at the second annual tax simplification day held in Washington, D.C.

The blueprint is intended as a roadmap for legislators to determine whether proposed legislation will promote tax simplicity or add to tax complexity. It examines the factors contributing to tax complexity and sets forth principles needed to achieve a simpler tax system. However, the heart of the blueprint is a set of indicators, or questions, that legislators and regulators should ask about proposed tax legislation and apply to each element of the tax-writing process.

The AICPA sent copies of its blueprint to all Congress members, the tax-writing committees and key individuals in the Internal Revenue Service and Treasury Department.

This year, the AICPA tax simplification day ceremonies in Washington, D.C., were joined by almost 20 state CPA societies, which held their own activities and introduced the blueprint to their states.
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Title Annotation:American Institute of Certified Public Accountants
Author:Wagenbrenner, Anne
Publication:Journal of Accountancy
Date:Jun 1, 1992
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