The
Republican business tax reform plan, also known as the House GOP Blueprint or
the Ryan-Brady plan, features a type of border-adjustable tax (BAT). Border
adjustability means that different tax rates apply within and outside the U.S.
It is a potentially new feature in U.S. taxation that is attracting controversy
and confusion. Border-adjustability has split both the Republican Party
and the business community, with some supporting it, some bitterly opposing it,
and some just trying to understand what it is. [more...]
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