Accountants predict consumption tax will bury them in paperwork

If the government passes a national consumption tax, expect paper recycling to become a red-hot business. "We have five feet of books explaining the complexities of the tax code, and suddenly they'd be obsolete," said Tom Ochsenschlager, the vice president of taxation for the American Institute of Certified Public Accountants in Washington.But accountants believe a ...

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Accountants predict consumption tax will bury them in paperwork

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