May 6, 2010

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.”

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