Tax Talk: Border Adjustment Tax
As Congress begins talks on tax reform, lawmakers have discussed the possibility of including a border adjustment tax (BAT) as a potential part of a tax reform package. A BAT is a kind of consumption tax or value added tax that would be imposed on goods imported into the country while exports are exempt.
FMI’s Andy Harig provided an overview of the border adjustment tax for FMI members to fully understand how such a proposal could affect the industry and the tax burdens of member companies.
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