A report from the Presidential Economic Recovery Advisory Board on simplifying the tax system has included a recommendation to tax credit unions.
The board is an "outside advisory panel" that was charged with making recommendations 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," the report said.
The report included the recommendation as part of its set of overall suggestions on how to reform the corporate tax system. Reports in previous administrations have made similar recommendations.
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