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