23 May 2017 JCT releases report on border adjustments, international tax reform The staff of the Joint Committee on Taxation (JCT) has released an overview and analysis of destination-based taxation and border adjustments ahead of a May 23 House Ways and Means Committee hearing on border adjustments and international tax reform. Part I of the report describes international principles that apply to taxation and presents an overview of present law on the taxation of cross-border income. Part II describes the economic rationale for implementing a destination-based tax and summarizes some recent proposals that would move the United States toward a destination-based tax. Part III provides an economic analysis of the border adjustment mechanism of a destination-based tax.
Document ID: 2017-0841 | |||||
