Listen to a Business English Dialogue about Tax equity and fiscal responsibility act of
Philip: Hi Katherine, have you heard about the Tax Equity and Fiscal Responsibility Act of 1982?
Katherine: Yes, I have. It was designed to reduce tax evasion and increase tax revenue by closing loopholes and implementing stricter reporting requirements, right?
Philip: Exactly. It also introduced provisions to ensure fairness in taxation and address budget deficits. Do you think it was effective in achieving its goals?
