David Rosenbloom Comments on Alternatives to BAT
Retail groups had a lot to say – all of it negative – about the proposed Border Adjustment Tax (BAT) – and it turns out that the White House was listening.
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With BAT dead, the question shifts to alternatives, H. David Rosenbloom, director of the International Tax Program at New York University and attorney at law firm Caplin & Drysdale, told Retail Dive in an email on Thursday. "There are not many [alternatives], and they all pose significant problems of one type or another," he said. "Reducing taxes with no offsetting revenue raisers will just balloon the deficit. Is that really what these guys want?"
For the full article, please visit Forbes' website.
Excerpt taken from the article “Ding Dong BAT is Dead” by Laura Heller for Forbes.