On the recordJuly 25, 2018
It was clearly congressional intent, as Senator Toomey pointed out, with respect to qualified improvement property, that businesses be able to take advantage of the shorter depreciation period.
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congress.govIt was clearly congressional intent, as Senator Toomey pointed out, with respect to qualified improvement property, that businesses be able to take advantage of the shorter depreciation period.
Toomey reiterates congressional intent for tax benefits on property depreciation.
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Congress can and should offer a sensible approach for the domestic regulation of these activities.
It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.
I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.