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Analysis says GOP border adjustment tax proposal would pass WTO test

June 7, 2017 at 4:25 PM
A new analysis commissioned by manufacturing and export giant Caterpillar attempts to dismantle arguments that the border adjustment tax contained in the House Republican tax reform “blueprint” would violate U.S. commitments under World Trade Organization rules. Critics on Capitol Hill, in industry and academia have cited incompatibility with WTO rules, along with the prospect of higher prices for U.S. consumers, as two of the main complaints against the BAT, which is a key component of a tax reform “blueprint” advanced...

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