Monday, July 9, 2007
Charles E. McLure, Jr. (Hoover Institution, Stanford University) has published Book Review: The Crisis in Tax Administration (Henry J. Aaron & Joel Slemrod, eds.) (Brookings, 2004), 60 Nat'l Tax J. 155 (2007). Here is the abstract:
This volume, which might have been subtitled "Complexity and the Cost of Compliance and Administration," contains, besides an introductory essay, ten papers (with two comments on each) that were presented at a conference convened by the Brookings Institution and the Office of Tax Policy at the University of Michigan in November 2002 (a date that the Preface unfortunately fails to mention). It brings together much of what is known about the difficulties of compliance with, and administration of, the U.S. federal income tax and also highlights areas where not enough is known. It does not consider the added problems of compliance and administration related to state and local income taxes. The attention the Advisory Panel on Federal Tax Reform appointed by President Bush devoted to simplification reemphasizes the importance of the topic of this volume.