SIA Submits Comments to The President’s Advisory Panel on Federal Tax Reform on Distortions, Inefficiencies and Complexity in the Internal Revenue Code
Published on:
March 17, 2005
The Securities Industry Association (SIA)*provides comments to The President’s Advisory Panel on Federal Tax Reform on distortions, inefficiencies and complexity in the Internal Revenue Code (the Code). SIA describesthe areas of concernwithin the Code including: 1)double taxation and other distortions in the corporate tax code; 2) distortions caused by temporary rules impacting financial services firms competing abroad; and3) savings rate driven down by complexity.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.