The Coalition for Fairness in Tax Compliance
Background
The Coalition for Fairness in Tax Compliance (CFTC) was formed in response to efforts by lawmakers to address the "Tax Gap", the difference between what the federal government is owed and what it is actually paid. While it is the position of CFTC that every individual and business should pay their fair share of taxes on a timely basis, and those taxpayers that do not fulfill this obligation place compliant taxpayers at a disadvantage, regulatory and legislative strategies to collect outstanding obligations can place excessive and obtrusive burdens on the backs of honest taxpayers.
Honest small business taxpayers are especially at risk of being subjected to needless and unwarranted regulatory burdens in an attempt to capture the few "bad actors" that do not fulfill their tax obligations. Small businesses already bear a disproportionate share of the cost of regulation.
The CFTC is a coalition of small business organizations that will fight for the rights of these honest small business taxpayers as lawmakers develop strategies to address the "Tax Gap".
Recent Developments
April 23, 2008 - CFTC Comments Filed on Credit Card Reporting
April 5, 2008 - Senate Finance Credit Card Reporting Proposal - Comments Solitited
February 4, 2008 - President's Budget Blue Book for FY09 - Tax Gap, pages 61-85
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