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ASAE presents report to President's Tax Reform Panel.

ASAE submitted a report to the President's Advisory Panel on Federal Tax Reform. Informational in tone, the report looks at various forms of consumption taxes, including the concepts of a flat tax, a national retail sales tax, and the Simplified Unlimited Savings Allowance Tax, and gauges how each proposal is likely to affect trade and professional associations, as well as philanthropic organizations. The report, "Impact of Tax Restructuring Proposals on Associations," was prepared for ASAE by Tate & Tryon, an accounting firm in Washington, D.C. The report can be viewed at info.asaenet.org/pdf/TaxImpact_Restructuring_Proposals.pdf.

Led by former Senators Connie Mack and John Breaux, the President's Advisory Panel on Federal Tax Reform is charged with recommending ways to make the tax code simpler, fairer, and more growth oriented. The panel is holding public meetings across the next few months and seeks input from individuals, businesses, and associations as well as members of Congress. The panel's report is due to Treasury Secretary John Snow by July 31, 2005.

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Title Annotation:HEADLINES; American Society of Association Executives
Publication:Association Management
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2005
Words:173
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