The House Republicans’ proposal for a border-adjustable tax (BAT)—a levy that would apply to imports but not exports—is causing a lot of consternation among retailers...
Republicans in the House are proposing sweeping corporate tax reform . Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses. The new tax would be border-adjustable – taxing imports and exempting exports.
Making tax policy predictions for 2017 is especially perilous, given the uncertainties surrounding the incoming Trump Administration’s fiscal agenda. But since there is a good...
Last week, Senator Marco Rubio (R-FL) introduced the Economic Mobility for Productive Livelihoods and Expanding Opportunity (EMPLEO) Act aimed at raising after-tax pay for low-wage...
Soda taxes won big at the ballot box in November. Voters in Boulder, Colorado, and three California cities (Albany, Oakland, and San Francisco) approved new...
Last week, the Senate passed and President Obama signed into law the Puerto Rico Oversight, Management, and Economic Stability Act ( PROMESA ). The law...