Border Adjustments in the Destination-Based Cash-Flow Tax: A Bold Proposal With Unanswered Questions

Mar 8, 2017

In this Bloomberg BNA article, Dr. George Korenko from Edgeworth Economics and Karl L. Kellar and Lori Hellkamp from Jones Day analyze “the practical, legal and policy implications—as well as many unknowns—springing from border adjustments contemplated in the GOP’s destination-based cash-flow tax (DBCFT) proposal.” The authors explore “the intended and unintended effects [the proposal] could have on the economy . . . and tax policy.”

The authors conclude that while the “DBCFT concept shows real promise and could fundamentally transform our tax system to be fairer, more efficient and neutral, and less burdensome . . . far more economic and policy analysis and design are necessary, and much greater attention must be given to details concerning mechanics, implementation and enforcement.” 

Read the full article here.


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