The Resource Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions

Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions

Label
Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions
Title
Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions
Creator
Subject
Language
eng
Summary
This article comments on the Republicans' proposal for a destination based cash flow tax which has the intention to simplify and move the tax system toward a consumption based model. The article focuses on selected legal, economic and policy aspects of one component of the destination based cash flow tax, so called border adjustments. Furthermore, the authors discuss the lack of clearness with regard to the application of the new system to the financial sector, digital goods, services and cloud computing. They also take into consideration the transition rules which would facilitate the conversion to a different system, and the need for businesses to switch from income tax accounting to cash flow accounting. Finally they state that before the Proposal is adopted, far more economic and policy analysis and design is needed, and the attention must be given to details concerning mechanics, implementation and enforcement
Citation source
In: Tax management international journal. - Arlington. - Vol. 46 (2017), no. 3 ; 9 p
http://library.link/vocab/creatorName
  • Kellar, K.L
  • Korenko, G.G
  • Hellkamp, L
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • tax reform
  • border tax adjustment
  • cash flow tax
Label
Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions
Instantiates
Publication
Label
Border adjustments in the destination based cash flow tax : a bold proposal with unanswered questions
Publication

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