Legislate in haste, repent at leisure.
The GOP tax law written and passed at near-record speed in December is packed with miscues, errors and typos that will confuse accountants and tax preparers and could cost the government big bucks, taxation experts say.
One glitch prevents restaurants, retailers and even real-estate companies like President Trump’s from deducting the costs of renovations over the short term, as Congress meant.
Instead, what looks like a typo could force the businesses to spread out the costs over 39 years.
Another snafu opens new loopholes for Wall Street hedge funds and private equity firms.
They’ll have an easier time avoiding rules that were meant to increase the taxes they pay on so-called “carried interest,†a favorite issue of Trump’s on the campaign trail.
https://nypost.com/2018/02/24/gops-tax-reform-law-is-full-of-typos-errors-experts/amp/
