As part of the White House’s proposed $2.9 trillion budget plan for the 2008 fiscal year, President Bush announced an effort aimed at significantly tightening the tax gap.

The president is proposing expanded information gathering on securities sales -- requiring corporations, investors and merchants to report more details of their dealings to the Internal Revenue Service. The Bush budget outlines few details of the plan.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access