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Business Air News Bulletin
Business Air News Bulletin
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NBAA challenges Biden on punitive tax treatment
NBAA challenges Biden's call for singling out business aviation with punitive tax treatment; this is an industry that should be promoted, not pilloried, it says.

The NBAA has responded to tax proposals for business aviation referenced in President Biden's State of the Union speech.

"Of course, every American business should pay the taxes they owe, but President Biden has unfairly chosen to target those who use business aviation, even though the vast majority of flights are taken by US companies to help them compete effectively in a global marketplace," says president and CEO Ed Bolen.

"Business aviation allows companies to optimise efficiency, productivity and flexibility, and access hard-to-reach communities across the country with little or no airline service. That's why the president's own Cabinet members sometimes use business aircraft to do their jobs and visit with people in towns and cities across the nation.

"The IRS has not identified a compliance gap in business aviation, which in fact is an industry that supports 1.2 million jobs and contributes $250 billion to the nation's economy."

Bolen adds that most business aviation aircraft use is for business purposes. According to independent studies, the majority of business aviation flights carry mid-level personnel, including technical and engineering staff and managers, as well as company clients and customers. Most organisations using business aviation are small or medium-sized businesses.

Companies that use business aviation are expected to operate in full compliance with tax laws and applicable Securities and Exchange Commission rules. NBAA organises tax seminars twice-yearly to educate members on compliance.

"Business aviation is an industry that is essential to America's economy and transportation system," he continues. "It supports jobs, connects communities, helps companies succeed and provides humanitarian lift in times of crisis. This is an industry that should be promoted, not pilloried."

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