Read House Tax Plan May Shift Use of Corporate Debt and write a short paper about how the changes in presidential and congressional leadership cause changes to the tax code. Do you agree or disagree with the changes to the deductibility of interest and changes in expenditures of capital assets? How do you think this will affect certain industries that borrow quite a bit, such as banks and financial institutions? Reference the current tax code sections that will be affected by these potential changes.

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Tax 670 Module Four The government is always on the look to control its income which mainly comes from taxes At the same time the government seeks ways in which it can create more job opportunities by ... View the full answer