Question

Has the number of expired or expiring tax provisions grown or shrunk over the past decade?...

Has the number of expired or expiring tax provisions grown or shrunk over the past decade? When and why? (Just read the question and answer it in your best ability.)

Homework Answers

Answer #1

Grown, as more & more changes are made in tax policy the more is the provisions made for the past years which were taxed on previous basis.

As we move forward more & more loopholes people bring out of laws & lawmakers have to amend that which brings a various laws with retrospective effect but these have impact on limited previous years so after some period they will be expired.

Hope this meets your purpose.

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