Greenspan says need to simplify tax system

(Reuters) - "I think we should go back to broaden the base and lower the rates and then figure out a political way to keep it there." Greenspan said. He said the ink had "barely dried" on the 1986 tax overhaul before interest groups began chipping away at it.




The former Fed chief left little doubt that he thought the current corporate tax structure was unwieldy and put a damper on companies' ability and willingness to invest.


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