FOR IMMEDIATE RELEASE
Contact:
Matthew Haller, 202-662-0770
Jenna Weisbord, 202-662-0766
mhaller@franchise.org
jweisbord@franchise.org
IFA STATEMENT ON ACA REPORTING FINAL RULES
WASHINGTON, March 7, 2014 —International Franchise Association President & CEO Steve Caldeira released the below statement following the release of final reporting rules by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) for insurers and employers under the Affordable Care Act.
“We are disappointed in the IRS’s final rules regarding employer reporting which do not provide the necessary flexibility for our members and will continue to increase health care costs for franchise small businesses in America.
“Unfortunately, the rules completely disregard the challenges IFA raised on behalf of the franchise industry in the comment process and fail to simplify the reporting process in a meaningful way for small businesses. Rather than heeding the real-world concerns echoed in comments by IFA and the broader employer community, the administration continues to implement the law without any regard to the cost and complexity it places on the small business community.
“The IFA will continue its advocacy efforts for legislative and regulatory changes that would mitigate the most onerous and costly requirements of the healthcare law for America’s 825,000 franchise establishments so they can continue to grow and create much-needed jobs.”
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About the International Franchise Association
The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.
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Phone: +1 202/628-8000 Fax: +1 202/628-0812 www.franchise.org