March 8, 2017 10:30 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/u4yLS_4aE-0/complexity-is-complicated.html
How the GOP's simplified Border Adjustment Tax will be instantly riddled with loopholes
The GOP is advocating for a "Border Adjustment Tax," which is something like a complicated Value Added Tax that is meant to encourage companies to on-shore or re-shore their manufacturing, without raising prices for Americans (because the US dollar is supposed to rise by up to 25% (!) as a result), while removing the complexity that allows companies to dodge tax by finding loopholes. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/u4yLS_4aE-0/complexity-is-complicated.html
Share this article:
Tweet
View Full Article