Article: Tune it up or trade it in? (US tax code)(Panel Discussion)

When your old car doesn't run right, you've got to decide whether to fix it or get rid of it. The same could be said for the United States tax code. Everyone agrees the system's broken. What's debatable is whether to scrap it or rebuild the existing tax engine. To find out what financial executives think about all this, Peter Merrill, principal at Price Waterhouse LLP's Washington, D.C., national office, led a teleconference in which three members of Financial Executives Institute's Committee on Taxation discussed the tax code's foibles and possible fixes.

MERRILL: Should the income tax system be replaced with a new system, as in the case of the flat tax proposal, or ...

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