Best States For Business 2016For weeks, congressional Republicans, Donald Trump, and various factions of Corporate America have been engaged in an intense battle over how to tax imports into the US. In Washington-speak, this debate has been turned into a battle between border adjusted taxes and a border tax. The House Republican leadership wants to tax all imported goods and services. It is aimed at treating imports and exports equally, not giving US exports a tax advantage. By contrast, Trump’s border tax is explicitly trade policy.

Source: Forbes January 26, 2017 20:14 UTC