QUORUMCALL//GPT:
WARREN’S WAR ON INTUIT: Senator Elizabeth Warren has pushed for an investigation into tax-prep giant, Intuit, alleging anti-competitive practices and exploitation of low-income taxpayers.
THE GROUNDS
• Warren alleges that Intuit, maker of TurboTax, is deliberately obfuscating the free filing option for low-income taxpayers, pushing them toward paid services instead.
• She has called for a probe by the Federal Trade Commission and the Department of Justice into the company’s alleged anti-competitive practices.
THE BACKLASH
• Intuit argues that it has always been transparent about its free filing options, suggesting that Warren’s allegations are politically motivated.
• The company has been under fire before for similar allegations but has managed to avoid any significant repercussions thus far.
TOPICS COVERED #TaxReform #Antitrust
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