<p>Heritage Rep Criticizes Beneficial Ownership Reporting Proposal</p>

Heritage Rep Criticizes Beneficial Ownership Reporting Proposal

Heritage Foundation

Creating a beneficial ownership database with already collected information and amending or repealing the estate and gift tax could vastly simplify and streamline information reporting while protecting taxpayer privacy, David R. Burton of the Heritage Foundation said in December 8 testimony before the House Ways and Means Oversight Subcommittee. 

<p>Creating a beneficial ownership database with already collected information and amending or repealing the estate and gift tax could vastly simplify and streamline information reporting while protecting taxpayer privacy, David R. Burton of the Heritage Foundation said in December 8 testimony before the House Ways and Means Oversight Subcommittee. </p>