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A border adjusted tax on enterprises?
Regarding house speaker Paul Ryan, Kevin Brady, the housechairman of the ways and means committee Kevin Brady, and other house Republicans considering transformation of our federal corporate income taxes to be destination based cash flow tax, (aka border adjusted tax):
It’s being considered that reduction of enterprises taxesshall disallow overseas expenditures, including the costs of imported products to enable reductions of their enterprise’s taxable incomes.
Additionally, theyintend to disallow reductions of those bases’ taxable incomes due to interest paid to entities both within and beyond USA borders?
I don’t understand how they intend to monitor and enforce such tax policy and thus I question the feasibility of this proposed taxing concept.
I’m among the proponents forUSA unilaterally adopting the trade policy described within Wikipedia’s “ImportCertificates” article.It would almost or entirely eliminate USA’s chronic annual trade deficits of our globally traded goods.It’s not applicable to the values of scarce or precious minerals integral to the goods or to intangible products.
[I acknowledge the difficulty of objectively assessing the commercial values of even tangible products when they are at USA entry or exit ports.This difficulty is Import Certificate’s greatest fault.
I too agree government’s discretionary powers should be limited to a feasible possible extent; [althoughit would be civil service statisticians and economists that would establish and annually update guide lines for assessing the values of goods, it’s still under the legislature and administrative, (and thus political) oversight].
For these reasons, IF DBCFT is feasible, it certainly should be fully considered.
Similarly, to the concept of Import Certificates, the Republicans claim this proposal’s unilateral, would greatly eliminate our price disadvantage to imported goods within USA's domestic markets, promote our exports and reduce our chronic annual trade deficits.
Unlike Import Certificates,it’s applicable to goods and service products and government does not determine or confirm their commercial values for tax purposes.
I just don’t understand how it would work; its explainers are less explicit and more confusing.
Respectfully, Supposn
Regarding house speaker Paul Ryan, Kevin Brady, the housechairman of the ways and means committee Kevin Brady, and other house Republicans considering transformation of our federal corporate income taxes to be destination based cash flow tax, (aka border adjusted tax):
It’s being considered that reduction of enterprises taxesshall disallow overseas expenditures, including the costs of imported products to enable reductions of their enterprise’s taxable incomes.
Additionally, theyintend to disallow reductions of those bases’ taxable incomes due to interest paid to entities both within and beyond USA borders?
I don’t understand how they intend to monitor and enforce such tax policy and thus I question the feasibility of this proposed taxing concept.
I’m among the proponents forUSA unilaterally adopting the trade policy described within Wikipedia’s “ImportCertificates” article.It would almost or entirely eliminate USA’s chronic annual trade deficits of our globally traded goods.It’s not applicable to the values of scarce or precious minerals integral to the goods or to intangible products.
[I acknowledge the difficulty of objectively assessing the commercial values of even tangible products when they are at USA entry or exit ports.This difficulty is Import Certificate’s greatest fault.
I too agree government’s discretionary powers should be limited to a feasible possible extent; [althoughit would be civil service statisticians and economists that would establish and annually update guide lines for assessing the values of goods, it’s still under the legislature and administrative, (and thus political) oversight].
For these reasons, IF DBCFT is feasible, it certainly should be fully considered.
Similarly, to the concept of Import Certificates, the Republicans claim this proposal’s unilateral, would greatly eliminate our price disadvantage to imported goods within USA's domestic markets, promote our exports and reduce our chronic annual trade deficits.
Unlike Import Certificates,it’s applicable to goods and service products and government does not determine or confirm their commercial values for tax purposes.
I just don’t understand how it would work; its explainers are less explicit and more confusing.
Respectfully, Supposn