What if we told you businesses are spending over half a billion dollars just to tackle tax compliance? In this episode, we examine the shocking rise in compliance costs, totaling $537 million for a sample of 21 large multinationals. We'll discuss key factors driving this increase, including recent changes like the Tax Cuts and Jobs Act, the new corporate alternative minimum tax, and how compliance costs hit smaller businesses hardest. 

William McBride, Vice President of Federal Tax Policy and Stephen J. Entin Fellow in Economics, joins Kyle Hulehan to explore potential reforms to simplify the tax code and reduce compliance burdens. 

Links: 

https://taxfoundation.org/research/all/federal/us-business-tax-compliance-costs-survey/ 

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