Tax Reform - AICPA Tax Reform Efforts

Modified: March 10, 2016

 
Background

 

The complexity and uncertainty surrounding the tax code affects tax practitioners and taxpayers alike. The code has reached nearly 4 million words and, according to one estimate, 4,107 changes to the tax code have been made since 2004, an average of more than one a day.

The AICPA is at the forefront of the efforts to shape a better tax system that benefits taxpayers and the accounting profession and meets our core principles for fairness, transparency and simplicity. 
 
AICPA Position
 

    Based on Guiding Principles for Good Tax Policy: Framework for Evaluating Tax Proposals, the AICPA advocates for many changes, such as:

  •  
    • Simplifying the income tax rate structure
    • Consolidating education tax incentives
    • Eliminating temporary provisions that cause tremendous uncertainty for taxpayers
    • Retaining the cash method basis of accounting
    • Making the tax system (including retirement plan administration) friendlier for small businesses

 

 
Tax Advocacy Efforts

 

The AICPA's thought leadership is widely respected by policy makers; we have laid significant groundwork to help shape future tax reform legislation. 

Highlights:
Below are just a few examples of how we accomplish that:

 

 
Other Information

 

 

 
 

We are the American Institute of CPAs, the world’s largest member association representing the accounting profession. Our history of serving the public interest stretches back to 1887. Today, you'll find our 431,000+ members in 130 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting.

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