Trades Oppose Tax Reporting Proposal
ACCA is proud to share that we have signed a letter urging Speaker of the House Nancy Pelosi, D-Calif., Minority Leader Kevin McCarthy, R-Calif., and members of the U.S. House of Representatives not to move forward with a proposal that would establish an expansive new tax information requirement with significant implications for consumers and small businesses with bank accounts—like those in the HVACR industry.
This article from the Association of Credit and Collection Professionals (ACA), details issues with the proposal as they are stated in the letter. The stated goal of the proposal’s data collection is to uncover tax dodging by the wealthy. ACCA along with numerous other industry trade groups have already signed on, agreeing that the proposal is targeted to the wrong population.
To learn more about the proposal and the letter ACCA has signed, click here.
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