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Tuesday, October 12, 2010

ICI - President's Economic Recovery Advisory Board Report on Tax Reform Includes Mutual Fund and Retirement Recommendations

ICI - President's Economic Recovery Advisory Board Report on Tax Reform Includes Mutual Fund and Retirement Recommendations: "[24544]



September 16, 2010

TO: PENSION MEMBERS No. 37-10
TAX MEMBERS No. 28-10
FEDERAL LEGISLATION MEMBERS No. 6-10
RE: PRESIDENT'S ECONOMIC RECOVERY ADVISORY BOARD REPORT ON TAX REFORM INCLUDES MUTUAL FUND AND RETIREMENT RECOMMENDATIONS


The President’s Economic Recovery Advisory Board released its report on tax reform, proposing options for changes in the current tax system to achieve three broad goals: simplifying the tax system, improving taxpayer compliance with existing tax laws, and reforming the corporate tax system. [1]� The report includes one proposal relating to mutual fund taxation and a number of options to simplify savings and retirement incentives, described below.� The Board states that the report does not represent Obama Administration policy."

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