It is baffling to me that you think:
Travel...$65,492 (appearing on a line on a tax return)
is less obtrusive than:
a complete list of each hotel name, location, dates stayed, employee name, amount paid for each of 311 hotel room stays, 103 airplane tickets purchased, 66 cars rented, etc.
Of course I need to keep these records to handle and audit and I do keep these records. But every single business in Americ doesn't have to provide this level of detail to the IRS, only those that are audited. The number that are audited is very low.
It is the FairTax proponents who are claiming a big savings in compliance-- as a small business owner, I don't see the savings, I think it will cost more to get these rebates and take more time.
And there is no doubt that the Happy Tax Compliance Authority (we're the friendly tax collectors!) will have a lot more detail than they have now. This is more intrusive.
Are you sure this is what is required as opposed to the same as done now? I confess that I don't know the details of filling for a rebate of taxes paid. I will try to find it but since you already seem to know perhaps you can guide me.
It is baffling to me that you think: Travel...$65,492 (appearing on a line on a tax return) is less obtrusive than: a complete list of each hotel name, location, dates stayed, employee name, amount paid for each of 311 hotel room stays, 103 airplane tickets purchased, 66 cars rented, etc.
As a business owner, don't you want a complete list of "each hotel name, location, dates stayed, employee name, amount paid for each of 311 hotel room stays, 103 airplane tickets purchased, 66 cars rented"?
If you are reimbursing your employees for those expenses, I doubt you would take their word for what they paid. I know the IRS wouldn't take their word. You already need all those receipts anyway. What is the difference?