DIVISION OF FEDERAL TAXATION OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS ORAL TESTIMONY ON TAX REFORM OCTOBER 2, 1969 I am My name is Robert G. Skinner. I am a member of the Executive Committee of the Division of Federal Taxation of the American Institute of Certified Public Accountants. accompanied by Herbert Finkston a member of the Institute's tax staff. We are appearing here today on behalf of the Institute. The AICPA is the sole national organization of professional CPAs. It was established in 1887 and currently has approximately 70,000 members. We appreciate the opportunity to express our views on the vital issue of tax reform. We have prepared for consideration by your Committee a detailed analysis and a summary of our comments on selected provisions of H.R. 13270. In addition, it is our firm belief that any continuing effort in pursuit of tax reform at this time should also include consideration of substantive technical amendments of existing provisions of the Internal Revenue Code which perpetuate inequities, give unintended benefits and create unintended hardships. The Tax Division of the Institute has prepared a booklet entitled |