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The Peter A. Allard School of Law
International Tax Reform; Border Adjustments; WTO and Taxation; House Republican Task Force on Tax Reform; Corporate Taxation; Cash-Flow Taxation; DBCFT
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Destination-Based Taxation In The House Republican Blueprint, Wei Cui
Destination-Based Taxation In The House Republican Blueprint, Wei Cui
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The House Republican Task Force on Tax Reform released its Blueprint for tax reform in June 2016, at the center of which is a destination-based cash-flow tax (DBCFT) to replace the current federal income tax on corporations. The House GOP Blueprint represents the first time that the DBCFT has been promoted by political leaders. Initial commentators have stressed the capacity of such a tax (if adopted in the U.S.) to reduce U.S. companies’ incentives for international tax planning and profit shifting, and to allow the U.S. to “leapfrog to the front of the pack” in its tax competitiveness. This essay …