Tax Guru-Ker$tetter Letter
Saturday, May 17, 2003
Avoiding Sales Taxes - Whenever the issue of replacing the Federal income tax with a national sales tax comes up, people wonder what we tax practitioners will do for a living. I always have to remind them that there will still be plenty of business for us helping people use the rules and loopholes to avoid or reduce the sales taxes they pay, just as as is currently happening in the PRC, where there are services that exploit certain twists in the law to avoid having to pay sales taxes on some vehicles and boats. To think that those kinds of services won't be needed to help people cope with a national sales tax is just naivety.