The reluctance of Congress to tinker with tax rates and deductions has virtually eliminated tax risk for U.S.businesses.

Question

Quizplus · Accepted Answer

While Congress has been reluctant to make major changes to the tax system, there is still some tax risk for U.S. businesses, particularly in regards to changes in regulations and interpretations of existing laws by the IRS. Additionally, the possibility of future tax changes always exists, even if they may be less frequent.

The Reluctance of Congress to Tinker with Tax Rates and Deductions