Sent to us by Tax Revolution Institute
Tax Revolution Institute by Philip Schlosser
US House Republicans have proposed a tax reform plan as part of their Better Way Forward initiative called “The Blueprint,” which, for one, modifies the corporate income tax into what is called a “destination-based cash-flow tax,” or DBCFT. In a nutshell, this means both domestic and foreign firms alike will be subject to a tax on all sales made within the United States, while US exports are exempted. Continue reading “The Border Adjustment Tax: Why This Trillion Dollar BAT Shouldn’t Fly”
