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How might LIFO be phased out

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How might LIFO be phased out without eradicating many small businesses?

The following article discusses how a ten year phaseout would be detrimental to car dealerships. I personally believe ten years is a good time frame.

http://www.larsonallen.com/Dealerships/LIFO_Repeal_Would_Create_Huge_Tax_Increases_for_Dealerships.aspxe

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How might LIFO be phased out without eradicating many small businesses?

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I think that 10 year is a very good period for phasing out LIFO because it will distribute the impact on smaller companies over this very long period. Further, if the ...

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Sheetal Jain, PGDM
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  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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