Academic

TAXPROF: ObamaCare?s Massive, Hidden Tax Change. ?An all-but-overlooked provision of the health re?

By Glenn Reynolds

TAXPROF: ObamaCare’s Massive, Hidden Tax Change. “An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork. . . . The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.”

UPDATE: Reader Carl English writes: “Sounds like a Trojan horse compliance regime for the VAT tax.”

Full post as published by Instapundit.com on May 06, 2010 (boomark / email).