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Old January 16th, 2017, 03:05 AM   #1
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Republicanís destination based cash flow tax?

Republicanís destination based cash flow tax?

Destination based cash flow tax, (DBCFT):

This explanation published by the Christian Science Monitor, (a reputable newspaper), is inadequate. Can any of the forumís members provide a link to a superior explanation of DBCFT?

Excerpted from
Here is the scoop on corporate tax reform proposals from House Republicans - CSMonitor.com

ď(2) The DBCFT is essentially a value-added tax (VAT), but with a deduction for wages. Every advanced country except the U.S. has a VAT alongside a corporate income tax. The U.S. would in effect be replacing the corporate income tax with a modified VAT. A VAT taxes consumption, not income Ė it has the same effects as a national retail sales tax, but works better administrativelyĒ.

Double dipping? Enterprises operating within the USA deduct their normal domestic expenditures for labor costs (from what if corporate income taxes are repealed)?

How would the USA enforce a tax upon money paid to recipients beyond our borders? Isnít that particularly difficult when the money is passed among globally operating single enterprises, or enterprises associated with each other such as subsidiary enterprises or otherwise independent enterprises that are associated by innumerable manners of other agreements?

What Iíve read thus far implies a proposal thatís only applicable to USAís international transactions; I consider that to be less rather than more feasible than USA adopting a general value added tax, (i.e. VAT).

Respectfully, Supposn
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Old June 4th, 2017, 08:37 PM   #2
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I don’t understand how a “destination based tax” as the Paul Ryan’s proposed modifications of our corporate tax regulations are described, could be effectively enforced at reasonable cost. Never the less I’ve sent this message to my NJ congressman and both senators.

Respectfully, Supposn

USA’s chronic annual trade deficits are detrimental to USA’s GDP and numbers of jobs.

The Republican leader of the house, Paul Ryan and some of his colleges are advocating the rewriting of our corporate tax regulations to include “destination based tax” provisions that would deny reduction of taxable income due to expenditures for importing foreign goods or service products.

[I believe the trade policy described by Wikipedia’s “Import Certificates” article is superior to all other existing or proposed trade policies].

Regardless of that, if the “destination based tax” provisions are drafted as to be effectively enforceable at reasonable cost, and if the bill’s reductions of tax rates are not excessively net detrimental to our annual federal budgets, I urge our N.J. representatives and senators to put politics aside and support such a bill.

My hope is we quit chasing our tails and constructive legislation emerge from our congress.
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Old July 9th, 2017, 06:41 AM   #3
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Only i Healthcare and defense and then poorer than rich with more Trump's views.
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Old July 9th, 2017, 09:45 AM   #4
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Quote:
Originally Posted by McCoy View Post
Only i Healthcare and defense and then poorer than rich with more Trump's views.
McCoy, your entire post is typographical errors?
Respectfully, Supposn
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