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Trans American

Customs & Logistics

Customs & Logistics News Story

Pertains to U.S.
Published in February 16, 2017 issue

Proposed Border Adjustable Tax Plan

House of Representative Republicans have proposed a “Border Adjustment Tax” plan that would eliminate companies from deducting the cost of imports from their revenue (which currently today enables them to lower their tax burden), and would make exports and other foreign sales tax-free.  The American Made Coalition, along with exporting companies are pushing lawmakers to move forward with the plan. A newly formed group, Americans for Affordable Products, which includes importers such as Wal-Mart, Target and Nike, are trying to stop the plan. Additional details: https://www.wsj.com/articles/exporters-tout-benefits-of-republicans-border-adjustment-proposal-1486033204 and https://piie.com/events/border-tax-adjustment-and-corporate-tax-reforms

Filed Under: Newsletter Story

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