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News & Press: WIPP in the News

‘Billion-Dollar Blind Spot’

Tuesday, June 13, 2017  
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WIPP President Jane Campbell speaks to Bloomberg BNA about Congress' 'Billion-Dollar Blind Spot'

 

Bloomberg BNA Daily Tax Report, June 13, 2017:

 

Few women-owned businesses are taking full advantage of more than $255 billion in tax incentives designed to spur growth and capital for small businesses, according to a new report released June 12. 

 

A major reason is the way many women-owned businesses are legally organized, Jane Campbell, president of Women Impacting Public Policy, told Bloomberg BNA. WIPP members were surveyed for the report by the American University's Tax Policy Center at the Kogod School of Business.

 

Further, several women-owned businesses are in the service industry, which some tax breaks don't cover, Campbell said. “They're organized as something other than a C corporation. They're maybe an LLC, a partnership, or an S corp.,” she said.

 

The report examined the following business incentives: 100 percent exclusion from the capital gains tax for investment in qualified small business stock (tax code Section 1202), loss treatment for investments in small business stock (Section 1244), accelerated depreciation for small businesses (Section 179), and deduction for qualified start-up costs (Section 195).

 

The report also said that the blind spot is “primarily attributable to an absence of existing tax research on women-owned firms and indicates Congress doesn't have the information necessary to make evidence-based tax policy decisions with respect to women-owned firms.” 


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